It's A Seller's Market, But Sellers Are Balking
Redfin says demand is high, but so are mortgage rates, which are keeping sellers on the sidelines.
Redfin says demand is high, but so are mortgage rates, which are keeping sellers on the sidelines.
For the four-week period ended April 23, new listings of homes for sale fell 22.4%.
S&P Index reported a 2% annual gain in February, down from 3.7% in January.
Home Price Index shows prices grew 4.7% annually from Q1 2022 to Q1 2023.
Redfin said the 25% decline for the four weeks ended April 9 was the biggest since the start of the pandemic.
Black Knight's Mortgage Monitor Report says prices rose the most month over month since May 2022.