Redfin Reports Housing Supply Hits Highest Level Since 2020, But Demand Falls to Lowest Level Since 2020
The typical home that sold sat on the market for 56 days—the longest of any January since 2020 Homebuyers have the most options since 2020, but few are biting because rising housing costs have made monthly payments tough to swallow. That is according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Pending home sales in January fell to the lowest level on record aside from the start of
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