Housing supply rose 8% year-over-year, but active listings are still 11% below pre-pandemic levels. Mortgage applications fell 7% annually, the first drop since January. Gen Z homeowners are far more likely to sell within two years (40%) than baby boomers (13%).
Housing supply rises as demand softens. Inflation stays high as the Fed considers a rate hike. Younger homeowners drive more sales. Housing supply increased by 8% compared to last year in March, based on Intercontinental Exchange, or ICE's Mortgage Monitor. Despite this growth, active listings remain 11% lower than pre-pandemic levels. Purchase mortgage applications edged up 1% for the week but were down 7% year over year, marking the first annual drop since January 2025. According to ICE, 2026 Borrower Insights Survey, younger homeowners are more likely to sell within 2 years, with rates ranging from 40% of Gen Z to 13% of baby boomers. The Personal Consumption Expenditures, or PCE, index, the Federal Reserve's key measure of inflation, increased by 2.8% in February, exceeding the board's 2% target, while core inflation came in at 3%. Orders for core capital goods rose more than expected in February, indicating continued strength in business investment ahead of recent geopolitical political concerns. Notes from the latest Fed meeting revealed a growing willingness to consider a rate hike in March, as policymakers expressed concern that a potential energy shock could drive inflation even higher. Thoughts on this update? Comment below. Give us a like, tag a friend, and let's keep the conversation going. Message us here or visit our website.
