Tag Archives: Sheharyar Bokhari

Due to an environment of rising mortgage rates and an influx of all-cash buyers, more and more are having to increase their down payments to offset the cost of rising homes. Click through to find out why there is a prevalence of all-cash buyers in the current market.

The MBA reports that overall mortgage application volume fell for the second straight week, with limited housing inventory and rates nearing the 7% mark hampering affordability for many potential buyers.

“Buyers searching for starter homes in today’s market are on a wild goose chase because in many parts of the country, there’s no such thing as a starter home anymore,” said Redfin Senior Economist Sheharyar Bokhari.

The correlation between the asking price and the size of the down payment is behaving as expected—as the housing market has cooled over the past year, down payment amounts are down by 10%.

The rate at which homes change hands is down from its 2020 peak but has overall doubled in the last few decades due to insufficient housing.

Redfin has found that U.S. regions where home prices spiked due to influx from out-of-town migration are now seeing prices rapidly sliding.

The pandemic threw many wrenches into the housing market, and a new report notes that, for the first time in years, space in suburban homes is now worth more than space in urban homes.

Amid economic uncertainty and experts hinting toward a recession, housing markets in relatively affordable Midwest and East Coast metro areas are holding up better than anywhere else in ...

It’s no secret that the pandemic threw a wrench in the housing market upending traditional moving and migration patterns as those with the means fled crowded urban areas ...

MReport takes a closer look at the ripple effects caused by supply chain issues on the housing market, and when we can target a return to the days of a normal supply of housing inventory.