As home prices hit a new peak for the seventh consecutive month in October, sellers continued their "suppliers’ strike," further constraining the market, according to First American's latest Home Price Index report.
Read More »Home Sellers Drawing in Buyers With Concessions
As homebuyer demand cools as a result of October mortgage rates hitting their highest level in over two decades, a new Redfin report showed that the share of home sellers offering concessions to attract more buyers is increasing, as some experts say house hunters are "pickier than ever before."
Read More »San Francisco Homeowners Most Likely to Lose Money When Selling
Due to a plunge in home prices in the popular Bay Area metro, San Francisco homeowners were most likely to lose money when selling their home. According to a new Redfin report, the typical San Franciscan seller who took a loss sold their home for $100,000 less than they bought it for.
Read More »Median Home-Sale Price Down YoY
Due to a significant lack of homes for sale, the median U.S. home-sale price is down 0.9% year-over-year, according to a new housing market update from Redfin, representing the smallest decline in nearly four months.
Read More »Pending Home Sales Down 17% YoY
Pending home sales are down nearly 20%, representing the biggest decline in over four months, but people are still showing interest in homebuying despite the total number of U.S. homes for sale declining 6% from last June.
Read More »June Listings Lag, Hampering Home Sales & Shoring Up Prices
Despite the early-June underperformance, Redfin reports that home-tour numbers indicate pent-up demand that should translate into improved sales once mortgage rates drop.
Read More »Study: Some Home Sellers Regret Pricing Homes Too Low
According to a new report from Zillow, some 39% of first-time home sellers wish they had set a higher list price, as 9 in 10 first-time sellers think they could have gotten a higher price by making different choices.
Read More »Mortgage Rates Jump to 14-Year High
Mortgage rates jumped 23 basis points week-over-week, hitting a high mark last seen in late 2008, as heightened inflationary concerns are pushing more prospective buyers back to the sidelines.
Read More »Post-Summer Slowdown? Homes Selling for Less Than Asking
For the first time since the housing market picked up after the pandemic, Redfin has reported that the average home has sold for less than its listing price ...
Read More »California Homes Selling Six Figures Above Asking Price
According to a new report from Redfin, some 5,897 homes nationwide sold for at least $100,000 over asking price at the beginning of 2022, up from 2,241 compared ...
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