Redfin Housing Demand Index Flattens from May to June
Homebuyer demand fell 0.7 percent month over month to 120 in June.
Homebuyer demand fell 0.7 percent month over month to 120 in June.
Newly Launched Redfin Compete Score Helps People Understand What it Takes to Buy a Home Based on Competitiveness in Cities and Neighborhoods
Just 5% would scrap their plans to buy if rates rose above 5%
Cash is king, but a personal letter to the seller increases a competitive offer’s chance of being accepted by 52%.
“In this market, homebuyers have to move fast, yet high prices and low inventory are slowing down even the most earnest of house hunters,” said Redfin chief economist Nela Richardson.