Latest real estate news and analysis tagged with housing-inventory on realestatenews.news.
A surge in mortgage rates to their highest level since last July has interrupted several weeks of improving homebuying demand, pushing pending sales lower and cooling purchase applications.
Redfin data shows the seller-to-buyer imbalance shrank for the fourth consecutive month in April, as improved job-market sentiment pulled more shoppers back into the housing market.
Surveys show most owners with low mortgage rates plan to stay put, though lifestyle changes and buyer remorse could boost listings over time.
A temporary pullback in mortgage rates and slightly higher inventory helped push pending contracts to their strongest level in nearly four years, Redfin says.
A short-lived dip in mortgage rates pushed pending contracts to a near four-year high, but overall spring activity remains slower than in past years.
