SUMMARY: Redfin reports that home sales in July fell to the lowest level since mid-2000 but inventory levels fell as well, Altos Research reports that inventory levels for the first time since April did not increase week-over-week, Apartment units are being built at the fastest rate in 50 years, and Alexis Leondis says do not get a 40-year mortgage...

Sources:

• July Home Sales Dropped To Lowest Level Since 2020
• 50-Year Construction High Could Slow Rent Growth
• Inventory Growth Hits A Brick Wall
• ALEXIS LEONDIS: Resist the Siren Song of 40-Year Mortgage Loans

DISCLAIMER: TowneBank Mortgage, NMLS #512138, is an equal housing lender. This podcast is for informational purposes only. Hosted by Tyler Cralle #2028201