Pending home sales over the past four weeks were down nearly 8 percent compared to the same time last year as mortgage rates ticked up slightly and harsh winter weather delayed homebuying, according to a new report from Redfin. The fall in pending sales marked the largest decline since October, Redfin found. This comes as…
With mortgage rates dipping below 7%, more buyers are touring homes, but that isn't translating into more sales. Redfin's Homebuyer Demand Index, which measures requests for tours and other services from Redfin agents, was 6% higher than the week ending Jan. 28, according to a Redfin report. Many buyers who have been sitting on the sidelines are touring homes again because they're worried prices will increase more if they wait. Sale prices were up 5.5% year over year during the four weeks ending