Tag Archives: Redfin

Elevated rates continue to both impact homebuyer affordability and weaken demand for refinancing, as the MBA reports overall app volume fell 1.2% week-over-week.

According to a new report from Redfin, house hunters moving to a new area make up a bigger piece of the homebuying pie than ever, as record 25.1% of home searchers looked to relocate to a new metro in Q1.

Freddie Mac reports the 30-year fixed-rate mortgage took a turn upward this week, rising 12-basis points week-over-week as investors responded to more healthy economic indicators and an uptick in bond yields.

As elevated mortgage rates curtailed homebuyer demand, a lack of homes for sale also limited home purchases, according to a new report from Redfin.

The MBA reports a near 9% week-over-week slide in mortgage applications, as cautious buyers proceed through the spring season amid continued affordability challenges and limited supply.

A new analysis of rent data from Redfin has found that the median asking rent fell 0.4% in March to the lowest level in 13 months, marking the first annual decline since the coronavirus was declared a pandemic.

The Harvard Joint Center for Housing Studies will present a discussion on how granting landlords, employers, and other gatekeepers access to criminal records can create serious barriers to housing, jobs, and other opportunities.

The MBA reports that overall mortgage application volume rose this week, jumping after a week of declines, as fixed-rates continued to slide toward the 6% mark.

According to NAR, 48% of seller agents reported that staging a home not only decreased a property’s time on the market, but also increased the dollar value offered by between 1% and 5% compared to similar homes on the market that were not staged.

Even as mortgage rates edge closer to the 6% mark, homebuyers nationwide are faced with the prospect of low inventory, with new listings having fallen 21.8% year-over-year nationwide.