Mortgage Rates: They're Up And Some Homebuyers And Sellers Are Uneasy
Rates are low, but millennials are spooked.
Lorraine is enjoying her first real job after a career in journalism. She’s based in Washington, D.C., where she writes about housing and the economy. Before joining Redfin, Lorraine was at Bloomberg News reporting on politics, financial mayhem, housing and the economy. Her dream home is a top-floor loft with a pool, friendly neighbors and a terrace for throwing parties. Everyone's invited. Redfin is a full-service real estate brokerage that uses modern technology to make clients smarter and faster. For more information about working with a Redfin real estate agent to buy or sell a home, visit our "Why Redfin?," page.
Email LorraineRates are low, but millennials are spooked.
Buyer competition hit new heights and lifted sales to their fastest pace since at least 2009.
June was one of the most competitive months on record for home sales, according to Redfin data.
Price growth has slowed after four years of double-digit inflation, which has sellers rushing into the market. The supply of homes for sale jumped 77 percent.
As campaign season kicks into high gear, Redfin and Clarity Campaign Labs examined the politics of homeownership in Cleveland and Philadelphia.
Rates have held below 4 percent for 28 straight weeks. Odds are good they’ll extend that streak to beat the record.
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