The New Year Brings More Inventory to the Market
Despite recent increases in mortgage rates, January showed a promising change in seller activity as newly listed homes grew 37.5% month-over-month, according to the Realtor.com® January Monthly Housing Report. Out of the top 50 metros, Sacramento (+31.7%), Phoenix (+27.3%), and Seattle (+24.7%) experienced the greatest bumps in newly listed homes this January compared with the same time last year. “The shift in seller activity could mark a turning point in the high mortgage rate-induced standoff between buyers and
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