Purchase apps are at 2009 level: where’s the inventory?
Housing Wire
MAY 26, 2022
We had roughly 300,000 more existing home sales in 2020 than in 2019 and 800,000 more in 2021. If I take existing home sales from 2017 levels, it’s roughly, on average, just 300,000. If I take existing home sales from 2017 levels, it’s roughly, on average, just 300,000. Currently, home sales are falling like when rates rise.
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