Affordability issues are officially taking a toll on the market as the average asking price of a newly listed home is off 1.5% from its peak in spring in light of the rapid rate increase by the Federal Reserve in June. ...
Read More »Rising Prices, Rates, Finally Affecting the Market?
It seems that rising interest rates and record-high home prices are finally starting to affect the market as fewer homes received competing bids in March than they did in February. According to Redfin, an online real estate brokerage, 65 percent ...
Read More »Rent Prices Find New High in March
Increasing prices and pressures in the purchase market are creating more demand for rentals, pushing up rent prices to record levels.
Read More »Early-Stage Homebuying Demand Beginning to Falter
It is no secret that the price of everything has been rising of late, and it seems that some of the pressure caused by inflation and rising interest rates is finally starting to trickle down to the housing market. According ...
Read More »Miami Tops List of Migration Destinations
Remote work opportunities and the continued lack of housing inventory will likely keep Americans moving throughout 2022.
Read More »Pending Sales Down From 2021
Active listings fell 29% year-over-year, dropping to an all-time low of 440,000, while listings were down 50% from the same period in 2020.
Read More »Examining Climate’s Impact on Migration
A new study has found that more are factoring natural disasters in their decision-making process when it comes to moving.
Read More »Interest in Investment and Second Homes Up in December
Affluent Americans continued purchasing homes in vacation destinations, taking advantage of low mortgage rates and remote work situations.
Read More »Americans Looking to Relocate Target the Sunshine State
Redfin agents report millennials looking to relocate tend to be young remote workers who are moving to Miami for affordability and sunshine.
Read More »Bidding Wars Ease Up in November
Redfin agents report buyers are more cautious about overpaying, and feel less of a rush to commit to a house after the first tour.
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