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Market Studies

Bidding Wars Trend Down, But Remain High

While bidding wars reached a pandemic peak in April, 60.3% of all offers written by Redfin in October experienced a bidding war, down from the 60.4% in September.  While the decrease in bidding wars is meager, Redfin expected this trend to continue from September due ...

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Pending Home Sales Rebound in October

Reversing the trend of just one month ago, pending sales of U.S. homes rose 7.5% in October as consumers regained their financial footing to lock in rates before an anticipated rise.

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Fraud Risk Down Due to More Refinance Volume

The CoreLogic Quarterly Mortgage Fraud Brief is a quarterly report that analyzes the top metropolitan areas with the highest mortgage fraud risk based on the company’s research of trends found in residential mortgage loan applications processed through its LoanSafe Fraud Manager.  According to the report, authored by Bridget ...

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Average Rent and Mortgage Payments Rise

As the economy continues to see consumer prices for everything rise across the board, rent and mortgage rates have also increased with some cities seeing a 30% increase in rent prices since last year.  According to Redfin, the average national rent price has increased ...

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October Housing Market Exceeds Expectations

According to First American Financial Corporation, the housing market strengthened on a modest basis in October saying that strong demand continues to push the market upwards.  First American, a company which offers title insurance, settlement services, and risk solutions for real estate transactions, released its Potential Home ...

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