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US Homebuyer Demand Falls to a Record Low as Mortgage Rates Climb
Summary by The Deep Dive
3 Articles
3 Articles
US Homebuyer Demand Falls to a Record Low as Mortgage Rates Climb
The number of active US homebuyers fell to 966,752 in July, the lowest level on record, according to Redfin. Sellers outnumbered buyers by 51.3%, just short of December’s record gap, even though the seller pool shrank too, to 1,462,921, the fewest in a year. The gap widened for a simple reason. Buyers dropped out of the market far faster than sellers did, meaning the imbalance reflects collapsing demand rather than a flood of new listings. The a…
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Total News Sources3
Leaning Left1Leaning Right1Center0Last UpdatedBias Distribution50% Left, 50% Right
Bias Distribution
- 50% of the sources lean Left, 50% of the sources lean Right
50% Right
L 50%
R 50%
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