???? “Strong Buyer Demand Amid High Rates in Early-Q4” ????️????

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New listings deficit narrows to ↓ 1.2% yearly in October, signaling a recovery from the severe shortage.
Despite mortgage rates hitting 8%, competition remains strong, with listings selling in 16 days on avg.
Monthly mortgage payments ↑ >4% MoM, driven by the 23-yr high rates.

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