Pending Home Sales Slump as Interest Rates Cling to High Levels

Empty nesters and retirees are selling their large suburban homes and moving to smaller starter homes or downtown apartments, according to Redfin.

– Pending home sales are down due to high mortgage rates and home prices
– New listings are showing signs of life
– Empty nesters and retirees are selling their large suburban homes and moving downtown

You can read this full article at: https://www.housingwire.com/articles/pending-home-sales-sept-17-redfin/(subscription required)

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