As builders continued to face rising costs, supply-chain issues, and extended completion times, the buying market has cooled amid high mortgage rates and lingering affordability concerns.
Read More »Is This the Beginning of a Buyer’s Market?
Homebuyers are beginning to take back the wheel from homesellers, who have mostly prevailed over the last two years, as Redfin reports that more sellers are dropping the ...
Read More »Sun Belt Leads in Construction, But National Inventory Still Lags
According to a new report from Redfin, Sun Belt metros are leading the way when it comes to building new homes —with scores of buyers moving in from ...
Read More »Pending Home Sales Continue Downward Slide
Month-over-month, pending sales of homes in the U.S. remain in decline, as escalating rates have bumped up the cost of purchasing a home by more than 25% year-over-year.
Read More »Locals Priced Out by Homebuyer Migration Trends
As homebuyers relocate at unprecedented levels, some that have been priced out of their cities, have the option to flock to hotspots like Virginia Beach, San Antonio, and Bakersfield to find affordable homes priced below the national median.
Read More »Homebuyer Demand Slips While New Listings Surge
Homebuyers may begin to notice signs that the market is shifting toward their favor, as more sellers came to the market during the four weeks ending May 15 ...
Read More »Austin Rents Soar by Nearly 50%, Marking Biggest Increase in U.S.
According to a new report from Redfin, the median monthly asking rent in the U.S. increased 15% year-over-year to a record high of $1,962 in April—slightly below March’s ...
Read More »Rate Hikes Continue to Drive Down Mortgage App Volume
With interest by prospective buyers waning, mortgage application volume fell 11% week-over-week, as economic volatility has forced some households to delay their home search.
Read More »Homes Selling for Nearly 60% Above List Price Nationwide
According to a new report from Redfin, the typical home for sale found a buyer in just 15 days —the fastest pace on record— during the four-week period ...
Read More »Rise in Rates Further Pressuring Potential Homebuyers
Fannie Mae reports mortgage rates have risen once again, further widening the gap many prospective buyers are attempting to overcome to attain the American Dream.
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