According to a new report from Redfin, migration hotspots have the highest inflation rates across the country partly due to the fact they are attracting so many new residents on a consistent basis.
Read More »Housing Starts Fall to Two-Year Low
HUD and the Census Bureau report that single‐family housing starts in June were 8.1% below May’s figure, as builder confidence continues to fall.
Read More »More Homeowners Dropping Selling Prices
Price drops are a common feature of a cooling housing market, as home sellers contend with apprehensive buyers amid rising rates and a looming recession.
Read More »Softening Demand to Present New Buying Opportunities in the Weeks Ahead
Realtor.com reports that home price growth is expected to ease in the weeks ahead, pointing toward a rebalancing of market conditions.
Read More »Bay Area Housing Market Cooling the Quickest
Redfin reports that San Jose, Oakland, and San Francisco are among the fastest-cooling housing markets nationwide, as mortgage rates remain above 5%, pricing many potential buyers out of the market.
Read More »Rent Growth Eases in June
Asking rents may have risen 14% YoY in June, but Redfin reports a slowdown in rent growth as landlords respond to a tightening in tenant budgets spurred by inflationary concerns.
Read More »For Home Sales, It’s Deal or No Deal at All
A new analysis by Redfin found that home sales are being canceled at the highest rate recorded since the onset of the pandemic.
Read More »U.S. Median Rents Exceed $2k in May
The median monthly asking rent in the U.S. surpassed a whopping $2,000 for the first time in May rising 15% year-over-year to a record high of $2,002—according to ...
Read More »Mortgage Purchase Activity ‘Hamstrung’ by Market Forces
Ongoing affordability challenges and low inventory are pushing mortgage application volume back down, after a near-month-long stretch of trending upward, according to the MBA.
Read More »When Court Decisions Trickle Down to Housing Choices
In the aftermath of the recent Supreme Court decision rolling back Roe v. Wade, Redfin conducted a survey to gauge how the ruling’s aftermath could impact housing migration patterns.
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