Redfin Reports Spring Homebuying Season Kicks Off With Steady Demand, But Lack of Listings Holds Back Sales
“We’re not seeing the typical spring seasonal increase in business,” said Boise Redfin agent Shauna Pendleton.
- “We’re not seeing the typical spring seasonal increase in business,” said Boise Redfin agent Shauna Pendleton.
- If rates end the week high, buyers disappear.”
This week, demand ticked up as declining mortgage rates brought buyers some relief. - But prospective buyers are struggling with tight supply, as sellers are typically slower to return than buyers.
- On average, 4.8% of homes for sale each week had a price drop, up from 2.1% a year earlier.