Housing Inventory Fell Last Week. Have Sellers Called it Quits?

HousingWire, October 26, 2024–Logan Mohtashami
Since mid-2022 when mortgage rates headed higher, two facts have been apparent: new listings data has been trending at the lowest levels ever recorded in history and inventory has been able to grow from record low levels thanks to mortgage rates staying elevated. We’ve seen some growth in new listings this year compared to 2023 levels, which is good for housing. However, with the recent spike in mortgage rates, it’s possible some sellers are just going to call it quits. Let’s see what the data for last week tells us.
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