The housing market's cooldown will continue through the end of the year as surging mortgage rates are turning away potential homebuyers, the latest Redfin report finds.
For the first time since March 2021, the average home sells for less than its listing price, but high mortgage rates still impact what people can afford.
The Redfin report highlighted that home touring has dropped significantly by 38% since January over the last four weeks, with declining demand that led a near-record share…
