Tag Archives: Daryl Fairweather

Redfin reports that the national median home price is up 16% year-over-year, with home sellers still very much in the driver's seat.

Rates below the 3% mark continue to feed the refi frenzy, as increases were found in both purchase apps and refinances over the previous week.

An examination of existing-home sales by NAR will gauge the nation’s housing inventory, as high prices are forcing more to re-consider their purchase decisions.

While the housing market will not return to a fully typical state anytime soon, it is "starting to trend in that direction," economists say.

Despite seeing enormous increases, economists also report less competition and more indicators of stabilization in coming months.

Even with rates still below the 3% mark, purchase applications slid week-over-week, as affordability issues continue to factor into homebuyers’ decision-making process.

Both competition and the speed with which homes have been selling have passed their previous record-high peaks. However, most homes are still selling within two weeks and for more than list price.

An analysis has found that while asking prices remain high, the share of listings with price drops is rising steadily, and are headed toward pre-pandemic levels.

Even with a slight market cooldown, homes are still selling at all-times highs and in record time, as found by a new Redfin report.

Agents are reporting a market cooling with the onset of summer, yet bidding wars remain hot for the limited number of listings.