Tag Archives: Taylor Marr

Homes are selling as quickly as listed, as nearly 60% of homes that went under contract sold within two weeks of being listed in February.

A new report from Redfin has found that nearly 10% of survey respondents are cancelling their plans to buy or sell a home due to inflation.

With rates on the rise, a slight uptick in purchase apps compensated for a slide in refinance apps, which hit lows last seen in January 2020.

Homebuyer demand has been outpacing supply with mortgage rates creeping upward, with demand growing 15 times faster than supply since 2019.

Demand for vacation homes swelled during the coronavirus pandemic—surging as much as 172% in April—as many sought escape from cramped city life amid lockdown restrictions.

After nearly a year of surging activity, interest in vacation and second homes has tailed off for the second consecutive month, falling 21% YoY in July.

The lack of homes available is still playing a factor in homebuyers’ decisions, as many are digging deeper into their pockets to land in the home of their dreams.

The dog days of summer bring with them the start of a reversal in the home sale market, with record high asking prices forcing more prospective buyers back to the sidelines.

Low mortgage rates and surging homebuyer demand, combined with low existing homes for sale is increasing the share of new construction nationwide.

Homebuyers are returning to the city, but are seeking larger living spaces with the amenities of the suburbs.