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Redfin says its Homebuyer Demand Index jumped to its highest level since last May.
Says spring home-sale season starts with steady demand, but lack of listings holds back sales.
Redfin says the typical down payment was $42,375, the lowest in nearly 2 years.
Amidst banking turmoil, busiest day for rate locks recorded in 2023.
In addition, a record 13% of sales include price cuts and final sales below list price.
Payments of nearly $2,600 further dampen homebuying affordability.
