Redfin(US:RDFN) Xin Hua Cai Jing·2025-12-24 23:25Core Insights - The average rate for a 30-year fixed mortgage in the U.S. has decreased to 6.18%, down from 6.21% the previous week, marking a continued decline since September [1] - Despite the drop in mortgage rates, buyer activity remains sluggish, with active homebuyers in the market at approximately 1.43 million, the lowest level recorded by Redfin since April 2020 [1] - The number of sellers has outpaced buyers by about 37% in November, more than double the gap from the previous year, indicating a significant imbalance in the housing market [1] Market Dynamics - Sellers are withdrawing listings in anticipation of a market rebound, with expectations that the upcoming spring selling season may attract more buyers as weather improves [1] - Redfin's senior economist suggests that moderate improvements in housing affordability could entice some buyers back into the market by 2026, but the housing market is likely to remain in a buyer's market for the foreseeable future [1] - To attract buyers, sellers may need to lower prices or offer incentives, reflecting the current competitive landscape in the housing sector [1]