This also happened with purchase apps, which were very seasonal in the last decade. It flipped post-COVID and has stayed this way until 2025, which makes this data line a bit tricky.
When you look at the weekly changes in active inventory, you can really see how the seasonality of the real estate market has changed over time.
What do you notice?
US HOUSEHOLD DEBT HITS RECORD $18.59 TRILLION
MORTGAGE DEBT: $13.07T — ALL-TIME HIGH
CREDIT CARD DEBT: $1.23T — ALL-TIME HIGH
STUDENT LOANS: $1.65T — RECORD HIGH
AUTO LOANS: $1.66T — ALL-TIME HIGH