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About half (51%) of homeowners have a rate under 4% — substantially below today’s level of 5%.
Prices hit a new monthly record, but inventory continued to plummet.
The median home sale price was up 17% year over year
32.3% of Redfin users looked to move to a less expensive metro area.
Interest rates and increased fees dropping demand for vacation homes.
Home sellers are lowering their prices to make their houses sell.
