RDFN - Home Sellers Slashing Prices At Fastest Rate In Nearly Two Years: What's Going On? | Benzinga
A look at weekly and monthly data could show that homes for sale are seeing price cuts and fewer people are buying new homes, as consumers continue to grapple with high mortgage rates.
What Happened: The median sale price of a home hit an all-time high of $390,613 in a recent report from Redfin Corp (NASDAQ:RDFN).
While the overall price of homes sold was strong, there could be some signs that the housing market faces struggles due to high mortgage rates.
Redfin reported the median asking price for a home was $416,623, down around $3,000 from the previous week. The median asking price saw its first decline in six ...