Sliding mortgage rates are helping to thaw the frozen housing market, Redfin says

• There's finally a glimmer of hope for the housing market, according to Redfin.
• Demand has picked up and mortgage payments are falling, the real-estate brokerage said.
• Activity ground to a halt in 2023 as higher borrowing costs drove away potential homebuyers.

There are signs the frozen housing market is starting to thaw after a year where higher mortgage rates drove potential buyers away, according to Redfin.