Redfin Warns Record-High Costs and Economic Jitters Are Freezing Spring Home Sales
Key Takeaways Spring home sales have stalled nationwide due to record-high prices and economic uncertainty. Both buyers and sellers are hesitant to act as rising mortgage rates and shrinking inventory worsen affordability concerns. The market is experiencing growing stagnation, increasing the risks for those waiting on the sidelines. Housing Market Faces Unprecedented Standstill Redfin reports a chilling halt in spring home sales, with high prices and economic jitters stalling deals from the shadows of the Golden Gate Bridge to Wall Street’s canyons. Buyers and sellers alike are paralyzed as mortgage rates climb, inventory shrinks, and affordability collapses, trapping first-timers and veterans in a brutal deadlock. Market stagnation grows, fueled by surging competition and shrinking hope on every Main Street. Critical risks await those who miss the next move. Spring Home Sales Stagnate Amid Rising Costs and Uncertainty As the shadow of record-high costs lengthens over the nation’s hou...
