“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 »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 »Experts Predict Home Prices to Fall YoY Nationwide in 2023
According to a new LendingTree study, a combination of relatively high rates and weak homebuyer demand will likely cause a gradual decline in prices nationwide in 2023. Click to see what else experts predict this year.
Read More »Daily Mortgage Rates Back Off Recent Highs
“There have been a handful of pieces of relatively good news for the housing market lately, but we’re far from out of the woods,” said Taylor Marr, Redfin’s Deputy Chief Economist.
Read More »Increased Cost of Homeownership Dampening Buyer Demand
CoreLogic has released the CoreLogic Home Price Index (HPI) and HPI Forecast for August 2022, showing home prices nationwide —including distressed sales— increased year-over-year by 13.5%; the lowest ...
Read More »Homebuyer Demand Slips as Mortgage Rates Approach 6%
Homebuying demand pulled back further as mortgage rates reached their highest level in over 13 years, according to a new report from Redfin. “Mortgage rates near 6% have ...
Read More »Sun Belt Leads in Construction, But National Inventory Still Lags
According to a new report from Redfin, Sun Belt metros are leading the way when it comes to building new homes —with scores of buyers moving in from ...
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 »Tapping the Brakes on Mortgage Rate Hikes
The seven-week streak of rates on the rise has come to an end, as mortgage rates scaled back slightly, with a decline in demand expected to soften home price growth.
Read More »Home Prices Rise YoY in February
Up slightly from January’s total of 19.1%, home prices in the month of February continued to accelerate, recording a 19.8% annual gain.
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