A new analysis from Redfin found that, for the fifth consecutive month, bidding wars declined, despite continued demand fueled by an ongoing shortage of homes for sale.
Read More »Home Supply to Demand Imbalance Continues
The pace of the housing market has accelerated at a time when it typically slows, as 44% more homes are pending sales than at this time in 2019.
Read More »New Homebuyers Finding the ‘Well Has Run Dry’
Supply chain issues for builders has contributed to a severe lack of inventory, which restricted home sales in September.
Read More »Converging Economic Trends Impacting SFR Market
Limited for-sale inventory is forcing would-be buyers back into renting, putting significant strain on the single-family rental market.
Read More »Mortgage Payments Outpace Rents for Eighth Consecutive Month
Redfin reports that while the average rent payment was up 11% in September. Mortgage payments for new homebuyers kept pace, rising 15%.
Read More »Rising Home Prices Drive Up Mortgage Costs
Amid rising home prices, the average mortgage payment has increased by $50 over the last six weeks as sellers’ median asking price increased 12% year over year to a new record high according to a new report from Redfin. Even though median asking ...
Read More »Strong Equity Stakes May Not Hold Off Foreclosure Starts
A new study has found that high-equity borrowers were more than 40% less likely to face the involuntary liquidation of their home. But will it be enough?
Read More »Home Seller Asking Prices Up 12% to All-Time High
Despite optimism from people listing their homes for sale, pending sales and new listings followed expected seasonal slowdowns.
Read More »Demand for Second Homes Fell 19% YoY in August
Consumer interest in second homes is expected to remain above pre-pandemic levels for the foreseeable future as remote work becomes a new way of life.
Read More »Home Sales Fall 6% in August
For the first time in 15 months, home sales have slowed, as 52% of homes are still selling above their list price as inventory remains restricted in most metros.
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