Insight
As mortgage rates increase, housing inventory is expected to grow, especially if new listings don't decline sharply.
Housing market faces headwinds as mortgage rates move above 7%
Summary
Mortgage rates surged above 7% in late 2026 due to geopolitical conflict & Fed rate hikes, impacting housing demand. This slowdown in sales and purchase applications may lead to increased inventory as rates rise, affecting home prices.
Key takeaway