Rising Supply Draws in Some Buyers, Even as Housing Payments Soar 10% to All-Time High

SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) —The typical U.S. monthly housing payment hit an all-time high of $2,721 during the four weeks ending March 24, up 10% from a year earlier, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Housing payments are at a record high because of the one-two punch of elevated mortgage rates and rising home prices. Mortgage rates remain elevated near 7%, and the median home-sale price is up 5% year over year to roug