High Mortgage Rates, Payments Make For Slow Spring Market
Redfin report indicates monthly payment at all-time high of $2,894
Redfin report indicates monthly payment at all-time high of $2,894
Redfin says sellers are cutting their asking prices in the two southern states.
Fourth consecutive month of annual inventory growth sets stage for active spring homebuying season.
More sellers are listing their homes, but mortgage rates and steep home prices are suppressing sales.
Intercontinental Exchange, Inc. data reveals a 5% drop in income share for median home purchases, alongside rising home equity and increased refinance incentives, signaling a more favorable real estate environment.
As the supply-demand seesaw finally begins to balance, builder sentiment peaks, marking the end of a year-long housing drought.