A record 25% of Redfin.com home searchers looked to move to a different U.S. metro in January, many in search of more affordable housing, as Miami, Sacramento, and Las Vegas were the most popular destinations.
Read More »Homes Owned by Black Families Appreciated Fastest During Pandemic
According to a new Zillow report, Black Americans' housing wealth has made strides, as the gap between the value of the typical Black-owned home and the typical U.S. home is the smallest it's been in the past two decades.
Read More »CA and NY Exit Rate on the Rise
While Texas remains a popular migration destination for Californians, California had the most people interested in moving to Washington, D.C., a change of pace from usually warmer climates.
Read More »Total Value of U.S. Homes Down $2.3T From Record High
According to a new Redfin report, the Bay Area housing market lost more value in percentage terms than anywhere else in the country as demand waned, while Florida continued to see large gains.
Read More »Borrowers Utilizing Rate Buydowns Trends Upward
According to new data from Optimal Blue, rate lock data showed moderate signs of an early-January rebound in purchase locks, while refis remain constrained despite a full percentage point rate decline since its October 2022 peak.
Read More »The Cost of Prepping a Home for Sale
A new report identifies the most common home improvements being made during the winter in advance of the spring homebuying season.
Read More »Inventory Two-Step: New For-Sale Listings Continue to Drop
According to Zillow's latest market report, inventory levels are up 3% from 2021, leaving more options for buyers and more competitive pressure on sellers. However, new for-sale listings saw an 11.4% drop from August, marking the third straight month of double-digit declines.
Read More »Mortgage Apps Jump for Second Consecutive Week
The MBA reports that purchase activity was down 10% year-over-year, as inventory shortages and higher mortgage rates are dampening demand.
Read More »Sellers Should Start Preparing Their Homes for Sale Post Haste
As part of “Listapalooza,” Realtor.com has released a slew of new data showing that potential sellers should think about preparing their home to sell now, during the time ...
Read More »Now Is the Time to Be a Homebuyer
There’s no doubt, 2020 was a seller’s market when it came to home buying. Most houses sold at or above list price, sales were quick, and people were ...
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