Buyers are getting cold feet as mortgage rates exceed 7%: Redfin
Housing Wire
SEPTEMBER 15, 2023
Rates last month surged to 7.23%—the highest since 2001 – sending the typical homebuyer’s monthly payment up significantly from last year. I’ve seen more homebuyers cancel deals in the last six months than I’ve seen at any point during my 24 years of working in real estate. Year-over-year new listings were down 14.4%.
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