Redfin Reports Price Drops Hit Highest Level in 18 Months As High Rates Dampen Buyer Demand

2024-06-04T09:34:36-04:00

More home sellers are cutting their asking price, suggesting sale-price growth could soften in the coming months. But this week, the median sale price rose to another record high, pricing out some buyers.

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Redfin Reports Price Drops Hit Highest Level in 18 Months As High Rates Dampen Buyer Demand2024-06-04T09:34:36-04:00

ICE Mortgage Monitor: Home Prices Cool for Second Straight Month in April as Purchase Demand Softens, Inventory Deficits Improve

2024-06-04T09:35:18-04:00
  • The number of homes for sale has been gradually improving on softer purchase demand in this spring’s higher interest rate environment, as inventory hit its highest seasonally adjusted level since mid-2020
  • Nearly 90% of U.S. metropolitan areas now
ICE Mortgage Monitor: Home Prices Cool for Second Straight Month in April as Purchase Demand Softens, Inventory Deficits Improve2024-06-04T09:35:18-04:00
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