Inventory and rate pressures are creating conditions for a “quieter” spring homebuying season. That’s according to HouseCanary’s March Market Pulse Report, which found that while inventory is up 12.6% YOY, total stock remains historically low. In March, net new listings slipped 4.4% YOY. For the entire last 52 weeks, net new listings were down 12.4%….
Home shoppers following rates closely jumped on retreating rates in March, giving the spring buying season a boost. Black Knight’s March 2023 Originations Monitor showed that rate lock dollar volume exploded in March, up 43%, as rates retreated due to economic uncertainty. Lock volumes rose in all categories. Purchase locks were up 44% month-over-month, significantly…
End of content
End of content
Before You Go, Get the Latest News and UPDATES!
Stay Tuned!