Real Estate Rollercoaster: New Home Listings Rise Amid High Mortgage Rates
According to a report from real estate brokerage Redfin, new listings of homes for sale have increased by 2% since the beginning of September. This shift deviates from the traditional reduction in listings seen from summer to fall. Despite enjoying low mortgage rates, some homeowners are taking the plunge and listing their homes. While the total number of homes available for sale is 14% lower than the previous year, during the four weeks ending Oct. 8, this marks the smallest decline since July.