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Despite lowest mortgage payments since January, homebuyers aren't biting
Buyers and sellers are still waiting for the right time to jump in
Monthly payments for a starter home are unaffordable for median-income families in half of the 50 largest U.S. metros.
The typical homebuyer’s down payment was 18.6% of the purchase price in June, the highest level in over a decade
Redfin analysts theorize that pending sales for starter homes have strengthened due to easing mortgage rates
Redfin’s Homebuyer Demand Index — which measures requests for tours and other buying services — has risen 4% over the last week.
