Home Delistings Hit Record High In November
Redfin says pandemic boomtowns, especially on the West Coast, saw significant increases in delistings.
Redfin says pandemic boomtowns, especially on the West Coast, saw significant increases in delistings.
Home-price growth has slowed fastest in pandemic boomtowns like Austin, Phoenix and Boise, with inflation and high mortgage rates to blame.
Investors lost market share for the second quarter in a row.
Redfin says deal cancelations, price cuts hit record highs.
Mortgage rates dropping from over 7% to 6.6% this week means homebuyers have more money available.
Redfin says the increases in income needed to afford a median-priced home are especially high in Florida.
CEO says company will sell RedfinNow inventory of homes by Q2 2023.