“Prices falling from a year ago is a milestone because it hasn’t happened since the housing market was recovering from the 2008 subprime mortgage crisis. But it’s not surprising and in many ways, it’s welcome,” said Redfin Deputy Chief Economist Taylor Marr.
Read More »Homebuyers’ Monthly Payments Hit All-Time High Amid Rising Rates
Inflated mortgage rates and home prices pushed monthly housing payments to a record high of nearly $2,600, according to a new report from Redfin.
Read More »Inventory Makes Record YoY Recovery
"The number of homes for sale on the market is up significantly from a year ago, even though fewer homeowners have listed their home for sale in recent months,” said Danielle Hale, Chief Economist for Realtor.com.
Read More »Housing Market Rebound Stalls in February
As a result of slowing market activity and steadily increasing interest rates, a new HouseCanary report revealed early signs of housing market activity growth halted due to the latest round of rate hikes.
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 »Homebuyers Find Affordability Relief
Zillow reports that monthly mortgage payments retreated in November, but numbers are still up more than 60% over the past year.
Read More »Wait and See: More Home Sellers Forced to Sit Tight
With home sales on the decline and mortgage application volume falling to a 25-year low, Redfin reports sellers’ time on market has doubled from the spring as buyers wait for both prices and rates to come down.
Read More »Home Affordability Hits Another Low in Q2
While many in the housing market are predicting a shift in power to buyers' favor, that switch may not be coming anytime soon to according to a recent ...
Read More »New Home Listings Down Nearly 30% YoY
HouseCanary, Inc. has released its latest monthly Market Pulse report, covering 22 listing-derived metrics and comparing data between August 2021 and August 2022, which found that the housing market ...
Read More »Pending Home Sales Numbers Take a Hit
As costs continue to rise and buyers are priced out of their local market, Redfin has found that the length of time a home is on the market ...
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