March 30, 2018
According to Redfin, February saw a more obvious picture of the dilemma facing many potential home buyers. Redfin's monthly Housing Demand Index dropped 14%, marking the lowest level in 11 months and the biggest drop month-over-month since the company started the Index. The demand for housing is nothing short of significant, but the housing supply cannot keep up to meet homebuyer needs.
Tip: as loan officers, we need to impress homebuying urgency on our borrowers and keep them accountable while inventory still presents a challenge.