A new report from Redfin revealed the share of homes bought with cash is down slightly from November but remains elevated above pre-pandemic levels as high mortgage rates persist, averaging 6.36% in December.
Read More »Veterans Remain Optimistic About Homebuying in 2023
A new Veterans United Home Loans survey revealed that high home prices are among the top reasons that impact the decision to buy a new home among service members and Veterans. However, many remain optimistic about homebuying in 2023 despite ongoing affordability challenges.
Read More »Inflation Impacting Millennial Homebuying Plans Nationwide
According to a new study from Real Estate Witch, inflation has impacted an estimated 92% of millennials' homebuying plans, indefinitely delaying home purchases for many prospective buyers.
Read More »New Listings Wane as Homes Linger on Market
The RE/MAX National Housing Report revealed new listings recorded the largest month-to-month decline in December 2022, while markets with the biggest decrease in year-over-year new listing percentages were found in Sunbelt cities such as Las Vegas and Los Angeles.
Read More »Study Finds Buyers Satisfied With Home Purchases Post-Pandemic
A new study from LendingTree revealed some 80% of homebuyers in past two years don’t regret buying a home during the pandemic housing boom.
Read More »How Digitalization Is Transforming Residential Real Estate
The number of investors using digitalization to buy newly available single-family homes is growing, as a new report from the Joint Center for Housing Studies shows how the use of data analytics is transforming how residential real estate is bought and sold.
Read More »Pending Sales Drop to Levels Last Seen in 2015
Redfin reports that 2023 has begun with homes selling for nearly the same price as a year earlier, with nationwide prices up just 0.5% year-over-year.
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 »Sellers Grant Record Share of Concessions to Homebuyers in Q4
A new report from Redfin revealed homebuyers received concessions such as money for repairs and mortgage-rate buydowns in a record 42% of home sales in the fourth quarter, up 11% from a year earlier and marking the highest share of any three-month period recorded.
Read More »New Listings Remain Low Amid Rising Rates, Home Prices
The supply of homes for sale posted a record year-over-year increase in December, according to new data from Redfin's Homebuyer Demand Index, which showed an increasing rise in demand despite many homes lingering on the market due to rising mortgage rates.
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