Fewer homes than ever were for sale in January, but homebuyers snapped up what they could before mortgage rates rose further, according to a Redfin. Seasonally adjusted new listings fell 12.4% month over month, bringing the number of homes for sale down 2.6% to a record low. But demand persisted, and sales rose 7.5%.
“We believe that the inventory crunch will ease in the summer as rates rise but may not go away in