▶youtube BusinessReal Estate first seen 4 d ago, last 31 min ago, peak #3
Foreclosures jump 42% as Redfin reports record listings surge
Original: Foreclosures pop 42%. Redfin reports RECORD listings surge.
Foreclosure activity in the United States has reportedly jumped 42%, and Redfin is reporting a record surge in homes listed for sale. The figures point to a cooling housing market, with more distressed properties hitting the market and inventory climbing sharply. Commentators are debating whether this signals the start of a broader housing downturn and price declines after years of tight supply and elevated mortgage rates.
Why now: A reported jump in foreclosures and record new listings suggests the US housing market may be turning, which matters to buyers, sellers and investors.
RedfinUS housing marketReventure Consulting
Rank over time, top of the chart is #1. 88 snapshots from 4 d ago to 31 min ago.
Evidence
- Foreclosures pop 42%. Redfin reports RECORD listings surge. · Reventure Consulting · 220.7K
API: https://socialmediatrends-api.osmike.com/v1/trends/2154521