“The historic drop in mortgage rates is a tick in the ‘good news’ box for the housing market, as lower rates deliver an immediate win for prospective buyers’ pocketbooks,” said Taylor Marr, Redfin’s Deputy Chief Economist.
Read More »Mortgage Contract Activity Drops 30%
“Mortgage rates may take longer to come down than many have expected, which means housing trends could continue to worsen as the economy adjusts to higher rates,” said Taylor Marr, Redfin’s Deputy Chief Economist.
Read More »Inventory Levels Creep Upwards
"After a sustained period of quick sales that kept the housing cupboard relatively bare, a supply of two months presents a lot more options for homebuyers," said Nick Bailey, RE/MAX President and CEO.
Read More »Buyers Endure Significant Stress While Acquiring a Home
The newest national survey of new homeowners commissioned by U.S News & World 360 Report Reviews found that a majority of new homeowners who purchased a home since the ...
Read More »The Median Home Now Costs a Record $416,000
The National Association of Realtors’ latest Existing Home Sales Report shows that home prices have now increased for 124 consecutive months.
Read More »House Price Appreciation Sets Record for Third Consecutive Month
U.S. home price appreciation reached 20.7% in August 2021, marking the third straight month it has reached a new record mark, according to the latest findings by First American.
Read More »Housing Market in California Far From Golden
The Orange County Register reports that although home prices in California may be stabilizing, the Golden State faces a “severe housing crisis.” According to the report, just 30% ...
Read More »The 10 Priciest New York Neighborhoods
Move over SoHo, there’s a new most expensive neighborhood in town with a median sale price of over $3.5 million, according to a study. And no, it’s not the West Village, which is a close third.
Read More »New Home Sales Fall
Sale of new single-family homes fell 7.8 percent in January 2018 compared to the month before, according to the data on new home sales released by the U.S ...
Read More »Home Prices Reach All-Time High; Existing Sales at Highest Peak in Eight Years
Due to increasing demand and limited supply of homes, the national median sales price of homes has reached a new record high. Additionally, existing-home sales increased in June to their highest pace in over eight years, according to a report from the National Association of Realtors released Wednesday.
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