Housing Market Update: Prices Go Up While Demand Goes Down
September 7, 2023
Mortgage-purchase applications are sitting at their lowest level in nearly three decades. But there are so few homes for sale that prices are up 4.5%
Most Recent
Housing Market Update: Miami Home Prices Up 17% From a Year Ago
August 31, 2023
Nationwide, home prices are up 5% year over year–the biggest increase in 10 months–due to a severe lack of homes for sale. The median home-sale
Real Estate Investors Pull Back, Buying 45% Fewer Homes Than a Year Ago
August 30, 2023
The drop in investor purchases outpaced the 31% decline in overall home sales. Investor market share is down to 16% after hitting an all-time high
Housing Market Update: A Homebuyer on a $3,000 Budget Has Lost $71,000 in Purchasing Power Since Last Year As Mortgage Rates Hit 20-Year High
August 24, 2023
Daily average mortgage rates are sitting at 7.4%, close to their highest level in more than two decades. High rates, combined with high home prices,
Myrtle Beach, SC Lands on List of Popular Homebuyer Migration Destinations For First Time
August 23, 2023
A record 26% of Redfin.com users are looking to move out of their hometown. Relatively affordable places like Las Vegas, Sacramento and Myrtle Beach are
New Builds Make Up One-Third of Houses on the Market, With High Rates Locking Up Existing Inventory
August 17, 2023
Homebuyers are turning to newly built single-family homes as overall inventory sits at an all-time low. New homes are most common in El Paso, TX,
Most Recent
Housing Market Update: Prices Go Up While Demand Goes Down
September 7, 2023
Mortgage-purchase applications are sitting at their lowest level in nearly three decades. But there are so few homes for sale that prices are up 4.5%
Housing Market Update: Miami Home Prices Up 17% From a Year Ago
August 31, 2023
Nationwide, home prices are up 5% year over year–the biggest increase in 10 months–due to a severe lack of homes for sale. The median home-sale
Real Estate Investors Pull Back, Buying 45% Fewer Homes Than a Year Ago
August 30, 2023
The drop in investor purchases outpaced the 31% decline in overall home sales. Investor market share is down to 16% after hitting an all-time high
Housing Market Update: A Homebuyer on a $3,000 Budget Has Lost $71,000 in Purchasing Power Since Last Year As Mortgage Rates Hit 20-Year High
August 24, 2023
Daily average mortgage rates are sitting at 7.4%, close to their highest level in more than two decades. High rates, combined with high home prices,
Myrtle Beach, SC Lands on List of Popular Homebuyer Migration Destinations For First Time
August 23, 2023
A record 26% of Redfin.com users are looking to move out of their hometown. Relatively affordable places like Las Vegas, Sacramento and Myrtle Beach are
New Builds Make Up One-Third of Houses on the Market, With High Rates Locking Up Existing Inventory
August 17, 2023
Homebuyers are turning to newly built single-family homes as overall inventory sits at an all-time low. New homes are most common in El Paso, TX,
