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Market Studies

Record Share of Homebuyers Looking to Relocate

The housing market has slowed following a pandemic-driven buying frenzy, with home sales falling and supply starting to rise due to rising mortgage rates, high home prices, inflation, and a faltering economy. According to a new report from Redfin, a ...

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Potential Home Sales Back Off

Potential is defined as the latent ability for a thing to develop into something bigger in the future. Currently, the housing market is trying to find a new “post-pandemic norm” amid an environment of rising interest rates, record-high inflation, and ...

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Second-Home Sales Up 200% During Pandemic

While the pandemic caused many people to reassess their living situations as the virus began ravaging the country during the first quarter of 2020, many made hard decisions, some went the complete opposite way by doubling down and purchasing a ...

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Homebuyer Competition Plummets

Nationwide, nearly 50% of home offers written by Redfin agents faced competition on a seasonally adjusted basis in June, according to a new report from Redfin. That’s the lowest share since May 2020 and the first time the bidding-war rate ...

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Five Months of Existing-Home Sales Declines

For the fifth consecutive month, existing-home sales dropped as three of the four major geographic regions of the country experienced month-over-month declines. On a yearly basis, sales sank in all four regions.  All-in-all, total existing home sales for June 2022—which ...

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