{"id":4432,"date":"2023-08-06T23:40:36","date_gmt":"2023-08-06T23:40:36","guid":{"rendered":"https:\/\/frankbuysphilly.com\/housing-inventory-stalls-less-than-3k-homes-added\/"},"modified":"2023-08-06T23:40:36","modified_gmt":"2023-08-06T23:40:36","slug":"housing-inventory-stalls-less-than-3k-homes-added","status":"publish","type":"post","link":"https:\/\/frankbuysphilly.com\/housing-inventory-stalls-less-than-3k-homes-added\/","title":{"rendered":"Housing inventory stalls: Less than 3K homes added"},"content":{"rendered":"
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The housing inventory <\/a>data from last week makes me wonder if we are starting the seasonal decline in active listings in August. Mortgage rates <\/a>also had a crazy week and purchase apps fell once again.<\/p>\n Traditionally, we would see a seasonal decline of active listings for single-family homes going into the fall, but seeing less than 3,000 homes added to the active listings data last week makes me wonder if we are going to see that decline early this year. <\/p>\n Saying that the housing inventory growth in 2023 has been disappointing is an understatement. It took the longest time in history to find the seasonal bottom, which happened on April 14. We usually see this in January or maybe February. Then the growth rate was so slow that we had weeks of negative year-over-year inventory data. Last week was another slow week of active listings.<\/p>\n\n
Weekly housing inventory<\/h2>\n