Monthly mortgage prices have dropped by a few hundred dollars since October, reaching their lowest level in nearly a year.
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Boost in New Listings Shakes Up the Market
A double-digit increase in new listings is helping bring house hunters off the sidelines, as Redfin reports new life in the marketplace to close out 2023.
Read More »Mortgage Purchase Applications on the Rise YoY
It’s a chicken-or-egg situation for homebuyers and sellers. Demand is rising partly due to an uptick in new listings, and listings are increasing partly because sellers are noticing more buyers enter the market.
Read More »U.S. Monthly Mortgage Payments Hit Record High
Record-high mortgage payments continue to motivate sellers to lower asking prices to attract more buyers, as a new Redfin report revealed the average homebuyer’s monthly housing payment is up nearly 9% year-over-year, reaching a new all-time high.
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