More Prospective Home Buyers Touring Properties as Mortgage Applications Rise: Report

Homes that were on the market for several weeks are ‘finally selling,’ a real estate expert said.

Homes await buyers in Irvine, Calif., on Sept. 21, 2020. John Fredricks/The Epoch Times

An uptick in interest has been noted among prospective home buyers even as mortgage rates remain elevated, according to real estate brokerage Redfin.

Redfin’s Homebuyer Demand Index, which measures demand for tours and other home-buying services, has risen by 7 percent year over year, as of the week ending Dec. 1, according to a Dec. 5 statement from the company.