Mortgage industry experts were likely in agreement that last week presented a change in inventory, following several weeks of steadily rising levels in the industry. Those tracking new listing data also recorded a decline in activity when all the numbers were taken into consideration.
Below are some of the key points from the reports:
• Total active listings dropped dramatically by 2,545
• New listings also fell week to week
Overall, the mortgage industry saw a decrease in active inventory and new listings last week. However, industry experts remain positive this decrease is not a long-term trend, with many speculating the high levels of activity seen in recent weeks could continue as long as the housing market remains healthy and as consumer confidence remains strong.
You can read this full article at: https://www.housingwire.com/articles/housing-market-tracker-spring-inventory-falls/(subscription required)
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