Prospective buyers are warming up to the housing market, which could lead to more sales if mortgage rates drop, according to real estate brokerage Redfin.
“Homebuyer Demand Index—a seasonally adjusted measure of home tours and other buying services from Redfin agents—hit its highest level in three months,” as of the week ending on March 16, the company said in a March 20 statement. It was up by 5 percent year over year.
