SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Non-Tech : Investing in Real Estate - Creative Opportunities
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
From: tejek8/14/2013 11:36:13 AM
  Read Replies (1) of 2722
 
Redfin says US housing demand is cooling


Ben MillerContributing Editor- Puget Sound Business Journal

U.S. housing demand cooled off considerably last month, according to Seattle online real estate company Redfin.

Redfin said that nationally, July home tours were down 3.5 percent from June. A year earlier during the same time, tours were up 3.1 percent. And offers for homes in July fell 11 percent from June. A year earlier, home offers were flat.

"Although there are finally more homes for sale to satisfy pent-up demand after months of historically low inventory, buyers are not responding. This is probably due to higher interest rates and home prices, which together are pricing some buyers out of the market. Buyer fatigue after the cut-throat competition of spring and early summer is also a likely factor," Redfin said in a statement.

bizjournals.com
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News