Tagged: Housing Inventory

Mortgage rates at 7-month high, lack of listings sidelining homebuyers.

Realtor.com report says home-price growth slowed to 0.9% year-over-year, as inventory growth slowed for third straight month.

For the four-week period ended April 23, new listings of homes for sale fell 22.4%.

Relatively high mortgage rates kept new listings at record low in February, frustrating buyers.

Housing inventory levels increased year over year for the 10th consecutive month.

The market is also experiencing significant increases in listing removals year-over-year.

In January, inventories rose and price-growth leveled off as mortgage rates continued to decline.

For all of 2022, sales of new homes fell 16.4%.