Redfin Reports U.S. Home Prices Hit Another Record High, But Mortgage Rates Are Starting to Decline—Which Could Give Buyers Relief
Daily average mortgage rates dropped to their lowest level in three months on Wednesday, after the May CPI report showed that inflation is continuing to cool. That could bring back some demand; for now, home sales are still declining. SEATTLE, June 13, 2024–(BUSINESS WIRE)–(NASDAQ: RDFN) — The median U.S. home-sale price hit an all-time high