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Mortgage Rates Spark Home Tours, Yet Sales Play Hard To Get

With mortgage rates dipping below 7%, more buyers are touring homes, but that isn't translating into more sales. Redfin's Homebuyer Demand Index, which measures requests for tours and other services from Redfin agents, was 6% higher than the week ending Jan. 28, according to a Redfin report. Many buyers who have been sitting on the sidelines are touring homes again because they're worried prices will increase more if they wait. Sale prices were up 5.5% year over year during the fo...
Freddie Mac Hal Bennett Federal Reserve Homebuyer Demand Index Redfin Premier Mortgage News
Source: yahoo.com

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