Tag Archives: Taylor Marr

According to Redfin’s most recent Housing Market Report, mortgage rates dropped from over 7% last week to 6.6% this week on better-than-expected inflation numbers.

October marked the second month of single-digit rent growth following a year of double-digit gains, and the fifth month in which annual rent growth decelerated.

People gifted with remote work overwhelmingly chose to migrate to the Sun Belt, resulting in higher housing costs, which weigh on inflation figures.

According to a new report from Redfin, one-third fewer homes went under contract in October compared to last year.

“The pandemic-driven wave of relocation to suburbs and rural areas—which tend to lean more conservative than city centers—made those toss-up places more diverse,” said Taylor Marr, Redfin’s Deputy Chief Economist.

Redfin reports that nearly 60,000 home-purchase agreements fell apart in June, as mortgage rates steadily climbed toward the 6%-mark, thus compounding affordability issues.

Wages are up, but homebuyer budgets have remained flat over the past three months, meaning the market is seeing its slowest growth rate in two years.  This information comes to us from a new analysis by Redfin which found that ...

Rise in both mortgage rates and loan fees for second homes is driving down interest nationwide in vacation homes nationwide.

Bouncing back after a summer slowdown, the demand for second homes was up 60% from pre-pandemic levels in September, an uptick from July's 40% increase, but still below March's record growth.

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.