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Redfin Reports Homebuying Demand Slipped Below 2020 Levels for the First Time This Year

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SEATTLE, June 25, 2021 /PRNewswire/ — (NASDAQ: RDFN) —The housing market continues to cool as mortgage rates tick up above 3% for the first time in 10 weeks, according to a new report from Redfin ( redfin.com ), the technology-powered real estate brokerage. The Redfin Homebuyer Demand Index—a measure of requests for home tours and other home-buying services from Redfin agents—has fallen below 2020 levels for the first time this year (-1% year over year for the week ending June 20), and the Mortgage Bankers Association home purchase index has declined 11% since the week ending March 24.

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