Tag Archives: Homebuyer Demand Index

As home prices and mortgage rates fall from their peak, the typical homebuyers’ monthly housing payment declined nearly $300 from October, according to a new report from Redfin.

With mortgage rates recently declining, demand has shown early indications of increasing, according to Redfin’s most recent Homebuyer Demand Index.

According to Redfin’s most recent Housing Market Report, mortgage rates dropped from over 7% last week to 6.6% this week on better-than-expected inflation numbers.

According to a new report from Redfin, one-third fewer homes went under contract in October compared to last year.

The share of homes for sale with price drops jumped to a seven-month high of 16% during the four-week period as early-stage homebuying demand is on the decline.

Reversing the trend of just one month ago, pending sales of U.S. homes rose 7.5% in October as consumers regained their financial footing to lock in rates before an anticipated rise.

The combination of a healthy economic recovery and continued low rates is forcing home buyers into limited options.