According to a new report from Redfin, some 5,897 homes nationwide sold for at least $100,000 over asking price at the beginning of 2022, up from 2,241 compared ...
Read More »Homeownership Tenure Increases Nearly 34%
According to a new report from Redfin, the typical American homeowner in 2021 had spent 13.2 years in their home—down slightly from the peak of 13.5 years in 2020, but ...
Read More »Purchase and Refi Apps Continue to Tumble
Overall mortgage volume tailed off slightly from last week’s totals, as climbing rates continue to dampen refi and purchase activity.
Read More »Home Buyers’ Desire to Relocate Reaches Record High
Experts predict the share of Americans relocating will continue to rise throughout 2022, as affordable metros are more attractive than ever.
Read More »New Listings Work to Keep Pace with Housing Demand
According to a new report from Redfin, the number of newly listed homes for sale during the four weeks ending February 20 was down just 2% year-over-year—the smallest ...
Read More »January Markets Most Competitive on Record
Redfin economists predict the 30-year fixed mortgage rate will reach 4.3% by the end of 2022, as the Federal Reserve raises interest rates to help alleviate inflation.
Read More »Refis Drop to Just 50% of Overall App Volume
A rise in rates is putting the brakes on the refi market, as overall app volume continues its downward turn.
Read More »U.S. Sees Increases in Rent, Mortgages
Monthly listed rents in the U.S. increased 15.2% year over year to $1,891 in January, according to a new report from Redfin. This was the largest annual jump ...
Read More »Hike in Rates Drives Down Mortgage Apps
Overall purchase and refi application volume has dropped week-over-week, as rates jumped following a three-week stretch of stability.
Read More »Locals Increasingly Priced Out by Out-of-Town Buyers
A new study found that out-of-town buyers who came to Nashville, Philly, and New York City had a larger budget to purchase a home than locals.
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