A new Redfin report shows that home prices fell 3.3% in March, marking the biggest annual drop in over a decade nationwide. But home prices vary greatly based on the local market.
Byron Lazine, Lisa Chinatti, and Tom Toole discuss Jerome Powell’s comments on the economy, housing, and the job market, the impact of Fed rate hikes, new construction, lead generation, and the year-over-year increase in existing home sales.
The latest Zillow market report shows home prices are stabilizing as home sales have increased, while sellers continue to hold off, limiting inventory and igniting buyer competition for well-priced homes.
According to a new Redfin report, time on market for homes has doubled since spring as mortgage rates are at a 20-year high and mortgage applications have dropped to a 25-year low.
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