More Homeowners Are Putting Up ‘For Sale’ Signs As the Days Get Warmer
Rocket Companies, Inc. Class A (RKT)
Company Research
Source: Business Wire
Redfin reports a small spring rebound, with new listings of homes for sale ticking up SEATTLE--(BUSINESS WIRE)--New listings of U.S. homes for sale rose 3% year over year during the four weeks ending April 19. That’s the biggest increase since November, according to a new report from Redfin, the real estate brokerage powered by Rocket.Pending home sales fell 1.2% year over year, the smallest decline in about a month. Mortgage-purchase applications rose 10% week over week.Some home sellers and buyers have entered the market as mortgage rates decline. The weekly average mortgage rate fell to 6.3% from 6.46% two weeks earlier, bringing the median monthly housing payment down 1.4% year over year. Additionally, there were some signs last week that the end was in sight for the Iran war, which sent oil prices down temporarily. That may have brought some home sellers and buyers off the sidelines as they felt more confidence in the economy.Still, this spring’s homebuying season is off to a
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News
- Salt Lake City Ranks First Among Metros Where Gen Zers Own the Largest Share of 3+ Bedroom HomesBusiness Wire
- Here's What Analysts Think About Rocket Companies (RKT) [Yahoo! Finance]Yahoo! Finance
- More Than 50,000 Home-Purchase Contracts Fell Through in MarchBusiness Wire
- Redfin Reports U.S. Home Prices Inched Up 0.1% in MarchBusiness Wire
- Late April Is the Best Time to List a Home For SaleBusiness Wire
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