A new analysis from Redfin has found that investors are selling homes nationwide at a loss, as elevated mortgage rates have curtailed homebuyer demand.
Read More »Median U.S. Home Prices Experience Largest Drop Since 2012
According to a new report from Redfin, home prices fell 3.3% in March, while pending home sales also dropped to their lowest level since the start of the pandemic.
Read More »Rents Slowly Returning to Pre-Pandemic Levels
Redfin reports the median U.S. asking rent fell 0.4% year-over-year to $1,937 in March 2023—the first annual decline since March 2020.
Read More »The Week Ahead: Servicers and Government Officials to Meet in D.C.
The Annual Five Star Government Forum is set for April 11 in Washington, D.C., bringing together mortgage servicing leadership and government agency reps to discuss the industry’s most pressing issues.
Read More »Concessions Wooing Buyers in Tight Market
Thirteen percent of homes sold from December 2022 through February 2023 included a price cut and list of concessions in order to complete the deal.
Read More »Home Prices Breach Negative Territory
The average, median-priced home declined a bit more than 0.5%—the first annual drop recorded since 2012.
Read More »Median U.S. Asking Rents Rise Nearly 2% YoY
According to a new report from Redfin, the nationwide median asking rent inched upward just 1.7% in February, marking the smallest increase in nearly two years, and the lowest level in 12 months.
Read More »Luxury Home Purchases Approaching All-Time Lows
According to Redfin, luxury-home purchases and investment properties plummeted 45% as the supply of luxury homes also nears historic lows.
Read More »The State of Government Loan Servicing
The 13th Annual Five Star Government Forum is set for next week in our nation’s capital, bringing together mortgage servicing leadership and government agency reps to discuss the industry’s most pressing issues and work toward solutions.
Read More »Home Prices to Further Widen Wealth Gap
“Housing affordability is at the lowest level in history, which will widen the wealth gap—especially between millennials,” said Redfin Deputy Chief Economist Taylor Marr.
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