As home prices and mortgage rates fall from their peak, the typical homebuyers’ monthly housing payment declined nearly $300 from October, according to a new report from Redfin.
Read More »What Property Owners Can Learn From E-Commerce Giants
Rachel Richardson of Rent. discusses why it’s critical to make it easier for renters to find what they’re looking for in today’s competitive marketplace.
Read More »Returning to a More Balanced Market?
"Sellers and buyers are each able to negotiate, with neither having a built-in upper hand," said Nick Bailey, RE/MAX President and CEO, "...but it seems like the market is shaking off the last vestiges of the 2021 overheating. Balance seems to be returning—as it usually does."
Read More »Uncovering Diamonds in the Rough
Wendy Lee of Sagent explains how to properly refine talent during this tough 2022-23 mortgage cycle.
Read More »Share of Homebuyers Migrating From Home Metros Nears Record High
According to a new report, the share of Redfin users moving away from their home metro is nearing a record high as 6%-plus mortgage rates and inflation continue to cut into homebuyers' budgets.
Read More »Mortgage Purchase Apps Up by Double Digits, Demand Remains Low
According to a new report from Redfin, mortgage-purchase applications and the Homebuyer Demand Index have both increased significantly since bottoming out in October. However, homebuying demand remains much lower compared to a year ago.
Read More »Study: Miami Is America’s Most Competitive Rental Market
A new report from RentCafe showed Miami was 2022’s hottest U.S. market as two-thirds of renters renewed their lease. Here are the latest findings.
Read More »Will Projected Price Declines Drive Pandemic Homebuyers Underwater?
According to a new Redfin analysis, a projected 3% of pandemic homebuyers could fall underwater with next year’s estimated 4% home price decline, with metros such as Sacramento and Phoenix at a higher risk.
Read More »Study: Homes in Snowiest States Cost Nearly $57,000 More
A new study from LendingTree found that median-priced homes in the states with the most snow are more expensive, on average, than median-priced homes in the states with the least snow. Here are the full findings.
Read More »Fed Raises Interest Rate to 15-Year High
FOMC raises the borrowing rate half a percentage point, capping a series of four consecutive three-quarter-point hikes.
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