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Redfin reports new listings dropped for the first time since June and pending sales growth slowed; stagnating mortgage rates and the biggest home-price jump in over a year caused the market to lose...
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 four weeks ending
Redfin’s Homebuyer Demand Index is ticking up as the spring home-selling season draws nearer. That hasn’t yet converted to a meaningful improvement in pending sales–but Redfin agents expect it...
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Everyone has different needs, but here's what makes for a good move-up home, according to real estate experts.
"I'm advising buyers to lock in a mortgage rate as soon as they drop to a number where they can make the math work," a Redfin agent said.