New listings creep up as would-be homebuyers back off, haunted by high prices and economic unease

Seattle--(business wire)--new listings of u.s. homes for sale rose 4.1% year over year during the four weeks ending october 12, the biggest increase in over four months, according to a new report from redfin, the real estate brokerage powered by rocket. more sellers are entering the market because they're hoping lower mortgage rates and a small improvement in affordability will attract buyers. the weekly average mortgage rate is 6.3%, just shy of its lowest level in a year. buyers stay in the s.
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