"I was amazed that the last Housing Market Tracker didn't show much drama from the epic late-January snowstorm that impacted much of the U.S., but today's tracker data got hit for sure. However, the housing market will be back in full force again soon. Last week, inventory declined, new listings data was negative year over year, purchase applications took a sharp dive and our weekly pending home sales were hit all with mortgage rates not having much volatility."
"What has been driving the housing market since mid-June 2025 remains in place: mortgage rates near 6%. And luckily, it can't snow all the time. Inventory fell week over week, which isn't a total surprise for last week, but the magnitude of the decline was notable, and I attribute it to the snowstorm, as we saw a year-over-year decline in new listings data. Soon, this storm's impact will pass and we will get back on track."
A major late-January snowstorm caused notable declines in housing inventory, new listings, purchase applications, and weekly pending home sales during the reported week. Mortgage rates remained stable near 6–6.15%, which has been the primary market driver since mid‑June 2025. Weekly inventory fell from 696,222 to 687,697 while the same week last year fell from 634,936 to 632,325. New listings were 48,365 in 2026 versus 53,861 in 2025. Inventory growth peaked at 33% in 2025 and has slowed to below 9% year‑over‑year. Seasonal year‑over‑year comparisons will become harder as spring approaches.
Read at www.housingwire.com
Unable to calculate read time
Collection
[
|
...
]