The median mortgage payment dropped by the end of 2023, which has allowed some buyers who had been sitting on the sidelines to finally dive back into the housing market.
Read More »Momentum Returning to Homebuying Market?
Increased home listings and declining mortgage rates are breathing early signs of life into the homebuying market according to a new analysis from Redfin.
Read More »Buyers, Sellers in ‘Chicken-or-Egg’ Situation
On the one hand, new listings are up year-over-year. On the other, buyers are entering the market in droves, offsetting gains. Click through for more on Redfin’s most recent Market Report.
Read More »Homebuyers Flock to Upstate New York Amid Housing Supply Shortage
While housing affordability and competition tighten across the U.S., three cities in the Big Apple are among the nation’s fastest housing markets, according to a new report from Redfin. Click through to learn which NY regions are having homes fly off the market.
Read More »Sixteen Percent of Home Purchases Fell Through in August
Home purchases fell through at a rate of 15.7% in August, a number which is up 14.3% year-over-year and the highest number recorded since October 2022.
Read More »Housing Demand Outweighs Supply as Home Prices Continue to Rise
While mortgage-purchase applications fell to a 28-year low in August, the median U.S. home-sale price is up nearly 5% year-over-year. Due to a severe lack of inventory, high housing costs continue to dampen homebuying demand, according to a new report from Redfin.
Read More »Housing Market Activity Slowed by Fed Rate Hikes
HouseCanary's August Market Pulse report revealed depressed market activity has resulted in net new listing volume trailing behind overall contract volume, as total inventory remains down nearly 13% compared to the same time in 2022.
Read More »Housing Market Remains Resilient as Listed, Closed Prices Rise
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 »Summer Buying Frenzy? Data Says Otherwise
The first month of the typically hot summer buying season produced less than stellar available home numbers, falling over 7% to a new record low.
Read More »