Buyers are pulling back more than sellers, according to a new report from Redfin, as housing players assess rising mortgage rates, increased inventory and a cooling market.
"Sellers are holding back because they realize they won't get the bidding war they would have gotten six months ago," Redfin deputy chief economist Taylor Marr said in a release.
"The good news is this is bringing balance to the market. If mortgage rates resume their downward trajectory, more buyers and sellers could get back in the game."
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