Housing market starting to shift as newly listed homes surpass 2019 levels
Although it’s still expected to favor sellers for the foreseeable future, several key indicators suggest the wild housing market may soon start to cool off. At least a little bit. Recent data from Seattle-based Redfin Corp. found the number of homes newly listed for sale surpassed 2019 levels during the four weeks that ended July 4. That’s the the first time this year that’s happened. Homebuying demand has also recently — somewhat — tapered off, according to pending sales data, Redfin’s Homebuyer Demand Index and Mortgage Bankers Association’s survey of number of mortgage applications. Realtor.com found similar indications in its…
Source: http://freedombunker.com/2021/07/15/housing-market-starting-to-shift-as-newly-listed-homes-surpass-2019-levels/
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