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More homes for sale will see price declines in coming weeks, Redfin said

·1 min read
More homes for sale will see price declines in coming weeks, Redfin said
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Real estate brokerage Redfin Corp. said Friday that it expects more homes for sale will suffer price declines in the coming weeks, as supply starts to pile up and pending sales continue to decline. "Just as buyers are pulling back, more listings are hitting the market," said Redfin Chief Economist Daryl Fairweather. "I'm optimistic this will create conditions for a little bit of rain in this inventory drought. A homeowner who is thinking of selling to buy again is going to have a much easier tim