It’s late October and available inventory of homes on the market is still climbing each week. With mortgage rates over 7% or even 7.5% right now, it’s not hard to imagine why the market has ground to a halt. Usually by this time of the year, we have fewer new listings and some sales still wrapping up from the summer. Inventory falls. But not this year. There is so little buyer action that even with 20% fewer new homes hitting the market each week than normal, we still have inventory climbing.
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