Do you work at Redfin? Claim your profile
Surging prices and interest rates have made mortgages less affordable than at any time since at least 2007.
Rising mortgage rates cause home sales to fall in May for only the second time on record, while home prices saw the smallest May increase on record.
Surging mortgage rates and home prices cited for fourth straight monthly decline in competition among buyers.
Redfin says the pool of homebuyers is dwindling as mortgage rates reach a record high.
Spiking borrowing costs and home prices prompted real estate investors to lose steam, especially for high- and mid-priced homes.
Downturn in housing industry cited; Compass also winding down Modus Technologies Inc.
