00:00It's Benzinga, bringing Wall Street to Main Street.
00:02In April, 5.8% of all home listings were pulled off the market nationwide,
00:07tying December for the highest share of delistings since March 2020, according to CNBC.
00:14Delistings rose 3.8% from March as higher mortgage rates, elevated gas prices,
00:19and weaker consumer confidence weighed on housing demand.
00:22Atlanta led all markets with 1 in 10 homes delisted, followed by San Jose at roughly 9%,
00:28Los Angeles and Dallas at 7.8%, and Seattle at 7.7%.
00:34Mortgage rates had briefly touched the 5% range in late February,
00:38before jumping after the war with Iran began.
00:41Pending home sales rose 1.4% from March, aided by an inventory up nearly 6%.
00:47Redfin also found 2.5% of April listings were relistings, tied for the highest share since mid-2020.
00:53For all things money, visit Benzinga.com.
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