Tag Archives: Pandemic boomtowns

As elevated mortgage rates curtailed homebuyer demand, a lack of homes for sale also limited home purchases, according to a new report from Redfin.

Redfin has found that U.S. regions where home prices spiked due to influx from out-of-town migration are now seeing prices rapidly sliding.

According to the latest Redfin analysis, a surge in construction during the pandemic boom resulted in nationwide inventory growth, as the share of single-family homes is up 25% from Q3 of 2021.