Home-Sellers' Profits Fell in Q1 2023: ATTOM
Profit on single-family home or condo fell to 44.2% as home prices stayed flat or fell.
Profit on single-family home or condo fell to 44.2% as home prices stayed flat or fell.
ESR Group maintains predictions of a "modest recession" beginning in the second half of 2023.
Redfin said the 25% decline for the four weeks ended April 9 was the biggest since the start of the pandemic.
Rising mortgage rates could freeze buyers out later this year.
Housing inventory levels increased year over year for the 10th consecutive month.
Just over 31% of home purchases in December were made in cash.
Affordability kept overall numbers of homebuyers down in the quarter, Redfin says.