Redfin reports more home sellers test the market, but buyers aren't budging

Seattle--(business wire)-- #housingmarket--new listings of u.s. homes for sale rose 2.3% year over year during the four weeks ending october 5, the biggest increase in over three months, according to a new report from redfin, the real estate brokerage powered by rocket. some sellers listed their homes in september as the weekly average mortgage rate dipped to 6.26%, a 10-month low, in hopes that lower rates would lure buyers. but buyers aren't budging. pending sales fell 1.3% from a year ago, the biggest declin.
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