Now recording its sixth month of decline, homebuyer competition has now fallen to levels seen during the initial throes of the pandemic. According to Redfin, 44.3% of home ...
Read More »Inflationary Concerns Spur Homebuyer Hesitation
A recent Quicken survey found that 21% of those polled planned to buy a first or new house in 2022, with 69% of that segment now reconsidering that move.
Read More »Townhouses Remain the Most Competitive Property Type
According to a new report from Redfin, nearly 58% of home offers written by Redfin agents nationwide faced competition on a seasonally adjusted basis in May, marking the ...
Read More »More Buyers Securing Homes With Cash Offers
As demand continues to rise, January marked the most competitive month on record, with more than 30% of homes selling above list price last year.
Read More »Drop in Rates Drives Mortgage App Volume Upward
As the military conflict in Ukraine pushed U.S. Treasury yields lower, the MBA reports that purchase and refi application volume climbed week-over-week.
Read More »Townhomes Named Most Competitive Property Type
Remote work, low mortgage rates, and ongoing housing shortages are fueling bidding wars as buyers write up multiple offers while house hunting.
Read More »Homebuyer Competition Drops to 12-Month Low
Despite an overall decline in buyer competition, populous cities like Richmond and Salt Lake City have had the highest bidding-war rates within the housing market.
Read More »Winter Housing Market Heats Up
In a year where home prices have risen by nearly 20%, the market is set to remain on a steady path, avoiding the typical winter cooldown.
Read More »U.S. Home Prices Inch Closer to Record Highs
The nation’s housing inventory dropped for the 39th consecutive week, driving prices further skyward as demand continues to outpace the nation’s supply.
Read More »Refi Interest Wanes as Rates Begin to Rise
As mortgage rates begin to ascend, overall mortgage purchase and refinance application volume has begun to tail off.
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