Wednesday, November 30, 2022 | The Latest Buzz for the Appraisal Industry

Redfin Spots a Glimmer of Hope with Homebuying Demand Stabilization

A few measures of homebuying demand ticked up in the last week of October, a month that saw one-third fewer pending sales than a year earlier, according to Redfin. A glimmer of hope could be seen in the data that mostly reflects a housing market coping with the pain of high mortgage rates, which this week’s Fed statement suggests may take longer to come down than previously expected.

But as mortgage rates dipped below