Severe winter weather dampens home sales, keeping prices high, Redfin says
Publishing timestamp: 2024-01-25 10:27:56
Summary
Pending home sales have declined by 8% year over year, the biggest decline in four months, due in part to severe winter weather. The median U.S. home-sale price has been steadily increasing, but low inventory and the weather have contributed to sluggish sales. Real estate agents in warmer climates reported more active buyers and sellers.
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Keywords: real estate, united states, weather, housing, business news, economy, u.s. economy, redfin corp, breaking news: economy,
Source: https://www.cnbc.com/2024/01/25/home-sales-dampened-by-severe-winter-weather-redfin-says.html