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HOMES SITTING ON MARKET LONGER AS HIGH PRICES CURTAIL DEMAND via themortgagepoint.com—According to new Redfin research, more than three in five—an estimated 61.9%—of homes on the market in May had been listed for at least 30 days without selling. That’s … Read More

SELLERS SLASH LIST PRICES ASBUYERS FACE RECORD HIGH HOME COSTS via themortgagepoint.com—Home sales dipped 1.7% month-over-month in May on a seasonally adjusted basis, and 2.9% year-over-year, according to a recent Redfin study. There have only been two months in the … Read More

HOME SELLERS FORCED TO GET FLEXIBLE WITH ASKING PRICES via themortgagepoint.com—According to a new report from Redfin, nationwide, 6.4% of home sellers cut their asking prices during May, the highest share since November 2022. By the numbers, the median asking … Read More