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Market Watch
201 days

Selling your house? Here’s how long you’ll have to wait for a buyer these days. - MarketWatch

1. Mortgage rates at 6.95% hinder housing market activity this January. 2. Home sales are stalling; January sales reflect lowest pace in five years. 3. Buyers face unaffordable payments, with median homes costing $377,000. 4. Home inventory increased by 11%, but demand remains weak. 5. Federal Reserve expected to lower rates, but may not revive the market.

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FAQ

Why Bearish?

Higher mortgage rates usually correlate with declining home sales, adversely affecting RDFN.

How important is it?

The article discusses conditions directly affecting housing sales, impacting Redfin's core business.

Why Short Term?

Current high mortgage rates are likely to depress housing market dynamics rapidly.

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