Tag Archives: Interest rates

With nearly 26% fewer homes newly listed for sale compared to last year, active inventory slowed for the fourth month in a row, according to the Realtor.com Monthly Housing Trends Report for June.

While relatively uncommon in most of the U.S., the share of million-dollar homes is growing at a moderate pace. A new analysis from LendingTree reveals which metros have the highest share of million-dollar properties.

Spring is typically a busy homebuying season, but new listings of homes for sale are down 24% from a year ago, according to a new report from Redfin. The total number of homes for sale is also down nearly 10%, representing the biggest drop in over a year.

“Overall credit performance remains solid for higher credit quality borrowers, but that is in an economy with unemployment rates below 4%,” Freddie Mac said in their report.

An upcoming webinar will forecast housing values over the next year, given the current market environment, as well as discussing loss mitigation decisioning.

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.

According to a new survey from LendingTree, some 63% of homebuyers have negotiated their purchase price in hopes of saving money, while just 39% negotiated the mortgage or refinance rate despite the likelihood of a better deal.

While elevated mortgage rates continue to deter many home sellers from listing, an increase in homebuying competition is fueling a rise in home prices. According to a new market report from Zillow, typical U.S. home values grew by 1.4% from April to May, marking the strongest monthly appreciation since June 2022.

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.

In April, all-cash home purchases reached their highest level in nearly a decade. A new report from Redfin reveals elevated mortgage rates driving down overall home sales more than all-cash sales.