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 “pending sales”
Pending home sales rose 0.7 percent from June to July, reversing seven months of declines. However, rising rates and home prices are poised to stifle…
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
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…
Rising rates and nervous consumers have set up the housing market for its “slowest fourth quarter in a decade,” according to one economist. Source: Inman…
The median asking price of newly listed homes for sale surged 12 percent year over year to a record high of $361,250, according to a…
During the four-week period ending Sept. 5, pending sales rose 6 percent from a year earlier, according to a report released Wednesday by Redfin. Source:…