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Tag Archives: Redfin

Frozen Out: House-Hunters Stay Home in Face of Harsh Weather

According to Redfin's latest Housing Market Update, inclement weather that froze parts of the U.S. slowed overall homebuying activity recently. Conversely, agents in warmer regions report that buyers and sellers remain active, despite mortgage rates remaining in the high-6% range.

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Lack of Homes for Sale Stalls Potential Price Drops

As Americans continue, "grappling with limited purchasing power," according to Redfin Senior Economist Sheharyar Bokhari, housing supply remained below pre-pandemic levels in December, preventing home prices from dropping further as buyers continue to compete for a limited supply of homes for sale.

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Running the Numbers

For its most recent cover story, MortgagePoint assembled a panel of economists to forecast the top trends and headwinds they expect to define the housing market in 2024.

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Empty Nesters Outpace Millennial Parent Households

Empty-nest baby boomers own twice as many large U.S. homes as millennial parents living with children, a new Redfin report showed, as nearly half of all boomers are now living mortgage-free, with no motivation to sell in such a volatile market.

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