Redfin

Follow-through has been weak, but there's hope lower mortgage rates could improve conditions, according to new housing reports from Redfin and MBS Highway.

Activity is coming in at or below 2020 levels according to reports from the Mortgage Bankers Association and Redfin.

The slowdown in new single-family construction is one of several headwinds homebuilders find themselves facing this summer.

Several Sun Belt cities popular for relocation over the last two years were among markets with the most reduced listing prices in April.

Falling interest rates more than canceled out median home listing prices, reaching an all-time time high during the month, Redfin said.

Volatility in the stock market caused the growth in the top 5% of average home sale prices to slow more than the rest of the market, according to Redfin.

Regulatory changes that would put an end to state and local tax deductions could prompt many homeowners in high-tax states to consider relocating, a Redfin survey shows.