Redfin reports that the luxury and investment home market has slid 38.1% year-over-year, due to lingering inflationary concerns, high interest rates, and fears of a recession.
Read More »Vacant Homes in Foreclosure Record Third Consecutive Quarterly Increase
The number of zombie properties inched upward in Q4, and though they remain a small portion of the market at just one in every 13,000 residential properties nationwide, those numbers are projected to grow in the aftermath of foreclosure moratoria lapsing.
Read More »Luxury Home Purchases Slide to New Lows
With mortgage rates hitting 14-year highs and inflationary woes lingering, high-end homebuyers are backing off from purchasing luxury homes nationwide, with a near 30% drop-off reported year-over-year.
Read More »Moving Into the Eye of the Storm
Redfin reports homebuyers are relocating to climate risky areas, despite intensifying natural disasters, as homes with high fire and flood risk sold for a premium during the pandemic.
Read More »Second Home, Investment Property Buyers Migrating to At-Risk Areas
A new Redfin study has found that more than 40% of buyers of who purchased a vacation home or investment property during the pandemic did so in areas of high flood, storm, and/or heat risk.
Read More »Demand for Vacation Homes Returns to Pre-Pandemic Norms
Vacation homes became all the rage early in the pandemic, with demand peaking at 90% above normal levels in March 2021. But today, the apparent demand for second properties or vacation homes has fallen to “normal” levels, or at least to ...
Read More »Investor Impact: Marketshare Shifts in Q1
The number of homes purchased by real estate investors in the first quarter declined 11.5% from Q4 of 2021 and 16.5% from Q3 of 2021, when investor purchases hit a record high, according to a new report from Redfin. Still, ...
Read More »New Western Adds Google/eBay Vet as CFO
With more than 25 years of experience, Dipak Joshi joins distressed residential investment properties provider to govern financial matters and expansion goals.
Read More »Interest Wanes in Second Homes and Investment Properties
Rise in both mortgage rates and loan fees for second homes is driving down interest nationwide in vacation homes nationwide.
Read More »Investor Market Share Hits Record High
A new report has found that nearly 20% of all home purchases in Q4 2021 were investment properties, a record high for this metric.
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