Nationwide, rents are nearing their all-time high, according to a new market report from Redfin, but rent gains have nevertheless cooled over the past year due to an increase in supply, as economic uncertainty and inflated home prices continue to deter buyers.
Read More »Homes Changing Hands at Slowest Pace in a Decade
The pandemic homebuying blitz between 2020 and 2021 has lowered the number of home sales nationwide to a decade-low of 14 in every 1,000 homes.
Read More »Study: Where Is Homebuying More Affordable Than Renting?
Nationwide, the typical home costs 25% more to buy than rent, according to a new report from Redfin. Click here to see which major metro areas topped the list of places where mortgage costs are lower than estimated monthly rental costs.
Read More »Breaking Down Investor Trends Since the Turn of the Century
In a Realtor.com analysis of data from January 2000 to December 2022, investor buyer share lost some ground after hitting a record high of 8.9% reported in February 2022, but remains above pre-pandemic levels.
Read More »Study: Increase in Vacancies Slowing Rent Growth
Completed residential projects in buildings with five or more units jumped 60% year over year on a seasonally adjusted basis to 484,000 in March—the most recent month for which data is available.
Read More »Elevated Housing Costs Driving Homebuyers to More Affordable Areas
While nationwide migration trends remain firm, according to a new report from Redfin, a record one-quarter of home searchers are looking to move to a new metro as high housing costs continue to push homebuyers to more affordable places.
Read More »Demand Dwindles for Vacation Homes and Investment Properties
Redfin reports that demand for vacation homes is down more than 50% from pre-pandemic levels, as the number of people locking in mortgages for second homes dropped to its lowest level since 2016 in February.
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 »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.
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