According to Redfin data from 2 million users, the share of homeseekers looking to relocate took a big jump in July amid an environment of rising rates as buyers look to more affordable areas where deals can still be had. ...
Read More »Homebuyer Competition Falls to Early-Pandemic Levels
Now recording its sixth month of decline, homebuyer competition has now fallen to levels seen during the initial throes of the pandemic. According to Redfin, 44.3% of home offers written by their agents faced competition in July 2022. This seasonally-adjusted ...
Read More »Home Insurance Prices Up Across the Board, Rising Faster than Inflation
Based on a Policygenius study of 8,698 active home insurance policies quoted for renewal between May 2021 and May 2022, home insurance prices are rising at a faster rate than inflation, as costs are up nationwide since last year. According ...
Read More »Most Metro Areas Post Double-Digit Q2 Price Gains
Despite market influences that are pushing up mortgage rates and slumping home sales numbers during the second quarter of 2022, most metropolitan areas still saw double-digit annual price gains compared to the previous quarter. This new information comes by way ...
Read More »‘Stale’ Housing Inventory Rises in July
The share of U.S. homes that were listed for 30 days or longer without going under contract increased 12.5% in July from a year earlier, according to a new report from Redfin. the technology-powered real estate brokerage. In other words, ...
Read More »Fixer-Uppers Remain Viable Option for Cash-Strapped Buyers
Buying a fixer-upper remains a viable option for many buyers trying to stretch their dollar in the current environment of still-rising home prices, bidding wars, low inventory and rising interest rates. While these properties do require buyers to put in ...
Read More »How Is ‘Seasonality’ Impacting Foreclosure Rates?
ATTOM Data, has released the latest iteration of its Foreclosure Market Report for July 2022 and found that there were a total of 30,358 properties with some form of foreclosure filing against it. Default notices, scheduled auctions, and bank repossessions ...
Read More »Housing Inventory Experiences Growth
The number of unsold homes in July increased for the first time since 2019, climbing by a record 30.7% year-over-year, according to Realtor.com.
Read More »Housing Markets Transition Toward New Normal
New data from Realtor.com and the Wall Street Journal revealed the economy and housing markets are moving through a transition toward a new normal this summer, as consumers maintained an active pace of retail spending —even with surging inflation— as ...
Read More »July Bankruptcies Fall 5% YoY
Epiq, an Atlanta-based provider of intelligence to the legal services industry, has released its July 2022 bankruptcy filing statistics from its new Bankruptcy Analytics platform which found that filings decreased by 4.0% last month representing 30,848 filings of all types, ...
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