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Nationwide, the typical home costs an estimated 25% more per month to own than rent.
Redfin says demand is high, but so are mortgage rates, which are keeping sellers on the sidelines.
Redfin says inventory is down nearly 20% YOY, but homes for sale are flying off the market.
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For the four-week period ended April 23, new listings of homes for sale fell 22.4%.
Redfin said the 25% decline for the four weeks ended April 9 was the biggest since the start of the pandemic.
