While both listed and closed prices experienced positive year-over-year growth in June, experts predict that market activity will remain at relatively low levels heading into Q3 2023, with the Federal Reserve continuing to increase rates at a slow pace.
Read More »Housing Inventory Posted its Biggest Decline in More Than a Year
Across the U.S., there are nearly 40% fewer homes for sale compared to pre-pandemic norms, as new listings dropped an overall 23% from last June, according to Redfin’s Homebuyer Demand Index.
Read More »Typical Asking Rents Experience Largest Drop Since 2020
In May, nationwide rents posted their largest decline since 2020 as the median asking rent rose 1.4% from a month earlier, according to a new report from Redfin.
Read More »New Listings Reach Lowest Level of Any Early June on Record
The overall lack of new listings nationwide has pushed the total number of homes on the market down 5% year-over-year, reaching their lowest level of any early June on record, according to a new housing market update from Redfin.
Read More »Survey Examines Recent Homebuyer/Seller Sentiment
A new survey conducted by Clever Real Estate examined homebuyer and seller regrets about their recent experiences, including looks at post-purchase financial struggles and how many of those surveyed view now as a good time to engage with the housing market.
Read More »Homebuyers Leaving Their Hometowns in Search of Affordability
As many Americans are leaving their hometown in search of more affordable areas, elevated mortgage rates and a shortage of inventory continue to deter U.S. homebuyers, as overall home sales dropped 22% from a year earlier in April.
Read More »Home Sellers Hesitant to Take on New Mortgages
A new survey from Realtor.com revealed an estimated 82% of home sellers feel 'locked in’ to their current home, as buying a new home could potentially mean buying into a higher mortgage rate.
Read More »Listing Prices Drop, Mortgage Payments Surge
The share of homes for sale with price drops jumped to a seven-month high of 16% during the four-week period as early-stage homebuying demand is on the decline.
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