Homebuyer Demand Slows; Properties Remaining on Market Longer

August 23, 2022 Kyle G. Horst

Home sales showed no signs of stopping its recent descent in July 2022, as sales dropped to their lowest level since the beginning of the pandemic when the market was at a near standstill.  According to Redfin, home sales dropped 19.3% year-over-year in July, and by another measure, home sales dipped 4.1% month-over-month, the sixth-straight ...

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