Redfin cited four factors suppressing demand for home purchases: high home prices, elevated interest rates, limited inventory of homes for sale and economic uncertainty.
"Maybe certain things would be better with a quick email ... or a text," said Sasha Hewlett, an associate vice president of secondary and capital markets at the MBA.
“You’ve got an ever-increasing number of investors and insurance companies, securitizers and aggregators, all competing for what feels like a smaller set of loans,” said Clint Thomas, vice president of correspondent lending at Silver Hill Capital.