Housing Market Activity Scale Week Of May 17

The GS Housing Market Activity Scale fell 1% sequentially to a reading of 4 as mortgage rates rose to 6.51%, dampening purchase applications.

Key Takeaways

• 1.The GS Housing Activity Weekly Scale held at 4 for the week of May 17, down 1% sequentially but up 6% year-over-year.
• 2.Mortgage rates rose to 6.51%, causing a 4% sequential decline in mortgage purchase applications.
• 3.Housing supply remains historically tight, with active listings 16% below the 2019 average despite a 1% YOY increase.

Table of Contents

• GS HOUSING MARKET ACTIVITY SCALE
• Key Findings
• Mortgage Market Update
• Disclosure Appendix
• Disclosures
• Regulatory disclosures
• Ratings, coverage universe and related definitions
• Global product; distributing entities
• General disclosures

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