“We’re definitely seeing an uptick in activity from both buyers and sellers,” said Abby Alwan, a Redfin Premier real estate agent in Austin. A new report breaks down the shifts currently happening in the housing market.
Read More »Existing Home Sales Experience Nearly 15% YoY Drop
"Prospective home buyers experienced another difficult month due to the persistent lack of housing inventory and the highest mortgage rates in a generation," said NAR Chief Economist Lawrence Yun.
Read More »Low Inventory, High Demand Boosts Home Prices
“While the uptick in new listings is good news for home shoppers, inventory remains persistently low, even with record-high mortgage rates putting a damper on demand," said Danielle Hale, Chief Economist for Realtor.com.
Read More »Demand Down Overall, Starter Homes at a Premium
“There’s a fair amount of demand for lower-priced single-family homes, which in this area means around $400,000 and under,” said Redfin Premier Agent Brynn Rea.
Read More »Lock-In Effect Keeping Home Prices Elevated
Home prices are increasing due to the mismatch between supply and demand, as inventory remains low due to the lock-in effect. The total number of homes for sale is down 19%, the biggest drop in a year and a half, and new listings are down 21%.
Read More »Inventory Makes Record YoY Recovery
"The number of homes for sale on the market is up significantly from a year ago, even though fewer homeowners have listed their home for sale in recent months,” said Danielle Hale, Chief Economist for Realtor.com.
Read More »Low Rates Keeping the Winter Market Strong
Looming threats of rising interest rates coming this year are pushing more homeseekers into the market who are eager to get into a home before those threats become a reality. According to ...
Read More »No Matter the Price, Homes Selling Quickly
An average-priced home now sells within 16 days, down by 12 days year-over-year, when it took about a month to sell the same home.
Read More »The Average House Now Sells Within 22 Days
The housing market is showing signs of a typical seasonal cooling, but houses are still selling at a blistering pace with most houses selling within two weeks of being listed.
Read More »The Housing Market Gets Hotter in the West
Fast-moving real estate markets seem to be most common in the West, according to a new report. But which were the surprise entries on this list?
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