Redfin: Home Inventory Up For First Time In Almost 3 Years
High mortgage rates are keeping homebuyers reluctant, leading to declining home sales and a build-up of supply.
High mortgage rates are keeping homebuyers reluctant, leading to declining home sales and a build-up of supply.
Lack of supply & housing affordability cited as biggest hurdles in latest NAR survey.
As of May 19, the share of median income required to make the P&I payment had climbed to 33.7%, just shy of the 34.1% high reached in July 2006.
Closings in May 2022 were 8.5% lower than May 2021.