Interest rates rose to 7.18% in the second week of September 2023
MarketNsight Identifies 7% as the New Sensitivity Threshold for Mortgages
“Comparing today’s numbers to 2019 is the most useful for benchmarking purposes since nothing has been ‘normal’ since that year. The latest numbers are no exception,” says John Hunt
‘Collapse’ of housing inventory drives price rebound
Total inventory turned negative year over year for the first time in 13 months in late June, and two weeks later, this drop in supply showed up in prices, which rose 6% year over year in July.