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Homebuyers Are In A Frenzy: There's No Time To Call The Bank

While real estate brokerage firm Redfin reports homebuyers are in a “frenzy” to buy a house due to low interest rates, at least three people in the real estate industry say there are other motivating factors. “Homebuyers are in a frenzy,” Redfin Deputy Chief Economist Taylor Marr said. “Buyers are reacting to changes in mortgage rates but are so far unfazed by the war in Ukraine, stock market volatility and rising oil prices. The silver lining for housing is that the spike in mortgage rates has paused for now.” ....

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