More than $330 billion worth of listings have been sitting on the market for 60 days or longer. Rising inventory and slow homebuying demand is pushing up the total dollar amount of home listings, and will push down home-sale prices by the end of the year.| Redfin Real Estate News
At no other point on record have sellers outnumbered buyers this much. Home prices will likely fall as a result.| Redfin Real Estate News
Mortgage rates are forecasted to stay elevated near 7%.| Redfin Real Estate News
More than half (55%) of survey respondents are less likely to make a major purchase this year, including 39% who are “much less likely.” More than a third of people do not have an emergency fund to cover mortgage or rent payments in the event of a personal financial crisis, like losing their job.| Redfin Real Estate News
Search 5026 homes for sale in Jacksonville and book a home tour instantly with a Redfin agent. Updated every 5 minutes, get the latest on property info, market updates, and more.| www.redfin.com
Search 1111 homes for sale in Oakland and book a home tour instantly with a Redfin agent. Updated every 5 minutes, get the latest on property info, market updates, and more.| www.redfin.com
Active listings: The total number of listings of homes for sale that were active at any point during a given time period. Age of inventory: The typical (median) number of days that active listings of homes for sale have been on the market during a given time period. Average sale-to-list price ratio: A measurement of […]| Redfin Real Estate News
