As homebuyers continue to back out of the housing market, home sellers are providing concessions to help reduce the buyers’ total cost of purchasing the home, according to a new Redfin report, offering some house hunters a sense of financial relief in hopes to sell their homes quickly.
Read More »Sun Belt Cities Ranked Most Popular Relocation Destinations
A new Redfin report revealed that after Sacramento and Las Vegas, Miami was the most popular migration destination in Q4, followed by Tampa and Phoenix.
Read More »December Declines Accentuate Year of Transition Toward a Balanced Market
Sales in every month of 2022 fell short of the previous year, according to a new RE/MAX report, which shows home sales were down an overall 38% from 2021, while the number of homes for sale was up nearly 70%.
Read More »Examining 2023 Housing and Economic Predictions
In a new study from LendingTree, experts predict the average interest rates on 30-year fixed mortgages to be between 5.5% and 6.5% by the end of 2023.
Read More »CFPB Study Finds Nationwide Financial Health Weakened Post-Pandemic
According to a new CFPB survey, more families are having difficulty paying their bills in 2022 than in 2021, while Black, Hispanic, and low-income households are far more likely to have difficulty paying bills and debts.
Read More »Study: Homes in Snowiest States Cost Nearly $57,000 More
A new study from LendingTree found that median-priced homes in the states with the most snow are more expensive, on average, than median-priced homes in the states with the least snow. Here are the full findings.
Read More »October Pending Home Sales Took Biggest Monthly Tumble Since 2013
As housing deal cancellations and home price cuts hit record highs, new data from Redfin's latest market analysis showed pending sales dropped 32% year-over-year in October, marking the largest decline since 2013.
Read More »HUD Expands Flood Insurance Options for Homeowners
A recent announcement revealed HUD, through the Federal Housing Administration, will allow private flood insurance policies on insured single-family mortgages in special flood hazard areas.
Read More »Real Estate Agents’ Long-Term Career Sentiment Dips
A new Realtor.com analysis reported only 4 in 10 new agents are confident about a long-term real estate career. Industry experts suggest mentorship, cash reserves, and a full-time commitment are the keys to early success.
Read More »Slowdown in Supply and Demand Force Sellers to Improvise
As many would-be home sellers are holding onto their existing homes, properties are now staying on the market longer according to the latest Zillow analysis, leaving sellers to try and draw in homebuyers with attractive listings and price drops.
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