“Mortgage rates may take longer to come down than many have expected, which means housing trends could continue to worsen as the economy adjusts to higher rates,” said Taylor Marr, Redfin’s Deputy Chief Economist.
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YoY Mortgage Contract Activity Slips in Major Regions
While the housing market remains unbalanced nationwide, with demand far outpacing supply, contract signings are down significantly from a year ago due to inflated mortgage rates.
Read More »Supply Shortage, Rising Rates Push Buyers Into Homes Sooner
HouseCanary, Inc. has released its latest Market Pulse report, — a continuous review of proprietary data and insights from Housing Canary — covering 22 listing-originated metrics and comparing data between ...
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