More Homeowners Are Putting Up ‘For Sale’ Signs As the Days Get Warmer
Redfin, a subsidiary of Rocket Companies, reports a 3% year-over-year rise in new listings and a 10% week-over-week surge in mortgage-purchase applications, signaling a spring rebound in housing activity. Despite the increase in activity, the homebuying season is off to a slow start with pending sales down 1.2% year over year and elevated mortgage rates keeping some buyers on the sidelines.
Key figures
- New listings yoy
- 3%
- Pending sales yoy
- -1.2%
- Weekly avg mortgage rate
- 6.3%
- Median monthly payment yoy
- -1.4%
- Mortgage purchase apps wow
- 10%
AI analysis
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