Redfin Homebuyer Demand Index
Even as the S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, covering all nine U.S. census divisions, reported a 14.6% annual gain in April, up from 13.3% in the previous month, Redfin Homebuyer Demand Index has fallen below 2020 levels for the first time this year (-1% year over year for the week ending June 20).
“Some homebuyers are pausing or abandoning their plans to buy because homes in their area have gotten too expensive,” said Redfin Chief Economist Daryl Fairweather, PhD.
Paul Mangione
Fort Schuyler Advisors
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