New Listings Take a Hit, Possibly Due to Higher Mortgage Rates

HousingWire, August 27, 2023–Logan Mohtashami
Did the recent move in higher mortgage rates impact the new listings data more than normal? I hope this isn’t the case, but we had a noticeable move lower in new listings last week. The Fed spoke at Jackson Hole last Friday but that didn’t move mortgage rates much. Also, purchase applications data took another week-to-week dive.