Increased Housing Demand Results in Near-Zero Year-Over-Year Inventory
Pending sales increased to 79,220 compared to 74,212 last year. Mortgage rates have dipped to 6.42%, while inventory growth has slowed to 1.49% YoY.
Pending sales increased to 79,220 compared to 74,212 last year. Mortgage rates have dipped to 6.42%, while inventory growth has slowed to 1.49% YoY.
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Mortgage applications decreased 4.4% as the 30-year fixed rate reached 6.45%, while the refinance share declined to 42.0%, highlighting market trends.
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