New home listings have dropped over 20% in April, which marked one of the biggest declines since the COVID pandemic, according to a new report from Redfin.
dropped 22.4% in April, marking one of the biggest declines since the pandemic gripped the world in 2020, according to a new Redfin report.
climbed for another week, averaging 6.43% as of Thursday, according to mortgage buyer Freddie Mac. That's up from the average of 6.39% from the week prior. It's also significantly higher than a year ago when the rate averaged 5.10%. The scarcity of inventory is also causing homes on the market to sell quickly.
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