“By Super Bowl weekend, we usually have a good idea how a given year’s housing market will play out. But this year is anything but typical,” said Redfin Economics Research Lead Chen Zhao.
Read More »Slowing Demand Brings Rental Prices Down
“Demand for rentals is slowing because economic uncertainty is prompting many renters to stay put, and persistent inflation is shrinking renter budgets. That’s causing rent growth to cool,” said Taylor Marr, Redfin’s Deputy Chief Economist.
Read More »Lenders React to Rate Hikes, Decreasing Demand
According to a new report by J.D. Power, mortgage lenders are struggling to stand out as demand continues to plummet and rates increase, resulting in higher customer expectations and increased competition.
Read More »Rent Growth Expected to Moderate Further Into 2023
While rising supply is causing rent growth to slow, Redfin’s latest market report revealed rent growth experienced its first single-digit increase in a year, marking a significant slowdown from the estimated 20% growth in Q1. Here are the latest findings.
Read More »Austin Suburb Crowned 2022’s Best City for Renters
According to a new report from RentCafe, an Austin suburb —Round Rock— has been named the best city for renters in 2022, as Texas reconfirms the rising appeal ...
Read More »Renters Struggling to Stay Afloat Amid Rising Costs
According to the Realtor.com Monthly Rental Report, new data indicates that rental competition remained persistent in April, as the U.S. median rental price hit a new high —$1,827— ...
Read More »Homebuyer Demand Hits Peak Levels
At a time of the year when the market generally cools, homebuyers are looking to land the home of their dreams among an ever-shrinking supply.
Read More »How Has the Housing Market Changed in a Decade?
Click through to learn how the current housing market indicators compare with those at the end of the Great Recession and what’s in store for the market in the near-term.
Read More »Price Appreciation vs. Housing Demand
Here’s what a study comparing the current state of U.S. housing with that of housing at the peak of the last cycle revealed about the state of homeownership.
Read More »Too Many Options …
With inventory growing, buyers have more homes to choose from and that’s exactly what might be holding them back.
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