A record number of homes relisted in January, signaling growing consumer confidence
As mortgage rates remain lower and buyers continue to have the upper hand in most markets across the US, many are opting out of paying for homes in cash
The National Association of Realtors' monthly report showed that homebuyers are still crippled by economic uncertainty. Recent mortgage rate drops have mostly spurred refinance activity
New-home sales rose 9.8% YOY to a seasonally adjusted annual rate of 716K in August. However, an influx of existing-home inventory could pose a challenge to new-home sales into the fall