Pending sales of starter homes surged 10.2 percent in July, reaching their highest point since October 2022 as mortgage rates began to decline, according to data released Monday by Redfin.
Source: Inman News
Pending starter home sales soar as first-time buyers return to market
Published in homebuying, Markets & Economy, News Brief, Select, starter home affordability, starter home market and starter homes
More from homebuyingMore posts in homebuying »
More from Markets & EconomyMore posts in Markets & Economy »
- Dual licensing is on the rise. Is it the right move for your business?
- Change strategy as the market shifts to win the listings long game
- Shutdown blip, or worrying trend? Agent pipelines thin in November
- Homebuyers came out in force last week, and rates are trending down
- October was another slow month for pending home sales
More from News BriefMore posts in News Brief »
More from SelectMore posts in Select »
- This team is jumping on the private listing platform trend (EXCLUSIVE)
- Redfin on 2026: Affordability improves, sales rise only slightly
- Dual licensing is on the rise. Is it the right move for your business?
- Future-proof your digital footprint for 2026 (and beyond)
- Change strategy as the market shifts to win the listings long game
More from starter homesMore posts in starter homes »
- 1st-time buyers say ‘yes’ to older starter homes due to higher costs
- Number of cities with $1M starter homes balloons 174% from 2020
- Former HUD Secretary: We need big ideas on affordable housing
- Buyers need $7,200 more than in 2022 to afford ‘starter’ homes
- 5 myths (you may believe) about affordable housing
Be First to Comment