Mortgage Rates, Affordability Prompt Rapid Relocations
Redfin found that a record share of homebuyers are relocating as high prices and mortgage rates make affordable areas more attractive.
Tagged: Redfin
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.
Why Are Homebuyers Backing Out Of Deals?
And what does it mean for the market?
Deal Or No Deal? Home Sales Are Getting Canceled at the Highest Rate Since 2020
Nearly 15% of home purchase agreements fell through in June, hinting that buyers are taking more time to re-negotiate.
Homebuyers Are Finding Relief As The Market Begins To Ease Up
Redfin reported that competition is easing in the housing market as mortgage rates and prices hit a tipping point.
Power Shifting To Buyers As Asking Prices Fall
Redfin says a record-high share of home sellers dropped their prices after this month’s historic mortgage-rate hike.
