Reported 1 day ago
Redfin's chief economist, Daryl Fairweather, discusses the current housing market stalemate where homeowners are reluctant to lower prices due to holding onto low mortgage rates. Despite an increase in available listings, homes are sitting longer on the market, and Fairweather predicts that homeowners may have to either reduce their prices or delist in the face of this impasse. She also anticipates that mortgage rates will remain flat yet volatile into the latter half of 2025.
Source: YAHOO