The 4.7 percent annual drop in monthly payments has yet to bring buyers or sellers back to the market in a significant way, but this may largely be due to seasonality, economists say. Continue reading
As Americans become immersed in the hustle and bustle of the holiday season and buyer demand softens, homesellers are pulling back from the housing market. Continue reading
Even with an uptick in new listings, homebuyers aren’t rushing into the market. Instead, demand has dipped, leaving a growing supply of homes sitting as buyers remain hesitant about their next move, according to Redfin’s latest data analysis. Over the … Continue reading
Mortgage rates continue to be a thorn in homebuyers’ side into the new year, as evidenced by a downturn in contract signings despite greater home tour activity. Redfin’s latest market report revealed its Homebuyer Demand Index, a seasonally adjusted me… Continue reading
New listings rose 8 percent toward the end of the year, but high mortgage rates and home prices have kept buyers on the sidelines as homes spend more time on market, reports say. Continue reading
This week, the Redfin Homebuyer Demand Index, the brokerage’s in-house gauge of buyer activity, hit its highest level since September, rising 21 percent from an October low, new data shows. Continue reading