Redfin Reports Monthly Payments Tick Up For First Time in 8 Months As Home Prices Hit Record High
Pending home sales increased 0.4% week over week
The median U.S. housing payment posted its first year-over-year increase since October during the four weeks ending June 28 as home prices and mortgage rates rose. That’s according to a new report from Redfin, the real estate brokerage powered by Rocket. Redfin’s analysis is condensed this week due to the July 4th holiday.
Leading indicators
Indicators of homebuying demand and activity
