Tagged: Redfin

Quick increase in mortgage rates has kept buyers and sellers on the sidelines.

Redfin: As supply falls to new low, demand picks up.

Elevated mortgage rates are cutting into homebuyers’ budgets.

Median price is down just 0.9% YOY, the smallest decline in nearly four months. 

High mortgage rates preventing homebuyers and sellers from entering the market.

Says May's 1.4M homes for sale was the lowest ever in its records.

Redfin says there are nearly 40% fewer homes for sale vs. pre-pandemic.

Redfin says nearly everyone with a mortgage has a rate below 6%, so they're unwilling to sell.

3 separate reports show low inventory affecting homebuyers’ perceptions.