The housing market saw a significant increase in inventory levels last week, meeting the long-awaited target for growth. This development comes as a welcome change for industry experts, who have been closely monitoring the market in recent months. One of the key factors contributing to this boost in inventory levels is the rise in mortgage rates, which have now surpassed 7.25%.

Key Points:
– Housing inventory has reached the desired level of growth
– Mortgage rates have climbed above 7.25%
– Industry experts are optimistic about the current market conditions

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