Redfin reveals shocking truth about 2025 Housing Market (buyers gone)

Redfin just revealed a post-rate-cut downturn in home buyer demand, shocking everyone in the housing market. For the first time in 3 months, pending sales dropped on a year-over-year basis according to Redfin's data, due to high home prices and mortgage rates that are still elevated. Will the housing market be able to recover from this setback, and will demand return later in 2025?