Homebuyers are backing away from the market as mortgage rates continue to climb. But new listings aren’t declining as quickly, Redfin reports. Source: Inman News
Posts published in “new listings”
Nearly 1 in 4 homes that were overpriced at listing will end up being delisted in the slower fall months, according to a new report. …
The number of new listings coming onto the market has plunged since June 2022, according to data released Thursday by Redfin. Transaction levels remain low…
The housing downturn was supposed to bring the market back into balance between buyers and sellers. But recent inventory gains have stalled. Source: Inman News
In a Bloomberg Markets TV appearance, the top boss at Compass said homeowners are treating a 3 percent mortgage rate “as a financial asset” —…
The mortgage giant’s quarterly Home Price Index shows national home prices were up 1 percent during the first quarter of 2023 compared to the final…
Black Knight data shows new listing volume is down 25 percent in January compared to pre-pandemic levels, the biggest drop since most of the country…
As home price growth has slowed, mortgage payments have decreased and days on market have risen, homebuyers dip their toes back into the market, according…
The median home for sale is spending 45 percent longer on the market than it was at this time last year, according to Zillow’s research…
As mortgage rates rose in recent weeks, so did home prices and purchase-loan applications. It’s a strange time, a Redfin economist says. Source: Inman News