Mortgage rates will be key in 2023 according to Redfin, which predicts that relatively high rates will likely result in the slowest housing-market year since 2011.
Read More »Ranking the Most Expensive ZIP Codes
Records were broken in nearly every ZIP code across the nation, but these cities saw the biggest gains.
Read More »Sale-to-List Price Ratio Hits All-Time High
According to a new report from Redfin, the typical homebuyer’s monthly mortgage payment jumped to 39%, — the largest year-over-year gain on record as the average 30-year-fixed rate ...
Read More »Median Prices Rise in the Least Affordable Metros
Austin, Texas saw the biggest home price increase of any metro area in the U.S. in 2021, with home prices rising 35.5% year-over-year, according to a new OJO study.
Read More »The Housing Market Soaring to New Heights in 2022
Homes are selling 16% quicker than they were in 2021, with the median-priced home spending an average of just 47.7 days on the market.
Read More »Is the Home Buying Well Running Dry?
A new Redfin report has found that the nation’s supply of homes has dipped to a new low, as sales prices climb to all-time high of $360,500.
Read More »Falling Rates Spark Run on Refis
Overall mortgage application volume is on the rise, and with rates just above the 3% mark, refinances led purchase apps in a market still hamstrung by supply concerns.
Read More »Continued Low Inventory Forces Uptick in Sales
NAR reports that pending home sales rose in October, with buyers fearing a spike in rates took advantage of the limited supply available.
Read More »Apps for New Home Purchases Dip 15.2% YoY in October
Still hampered by supply-chain concerns, home builders slowed their pace in October, as buyers absorbed a 12.3% annual increase in construction costs.
Read More »Mortgage Rates on the Rise
Fueled by the trajectory of both the economy and the pandemic, mortgage rates advanced upward this week; however, the housing market is expected to remain strong as 2021 comes to an end.
Read More »