Drought-Stricken Phoenix Is the Top Destination For Relocating Homebuyers
A record one-quarter of Redfin.com house hunters are looking to relocate to a different part of the country as high mortgage rates make affordable areas
As a data journalist at Redfin, Dana Anderson writes about the numbers behind real estate trends. Redfin is a full-service real estate brokerage that uses modern technology to make clients smarter and faster. For more information about working with a Redfin real estate agent to buy or sell a home, visit our Why Redfin page.
A record one-quarter of Redfin.com house hunters are looking to relocate to a different part of the country as high mortgage rates make affordable areas
Near-7% mortgage rates are preventing both would-be homebuyers and would-be sellers from entering the market. But even though the spring buying season ended with a
Inventory has posted its biggest decline in over a year, with homeowners hanging onto their comparatively low mortgage rates. That trend will probably persist, as
Roughly 4 in 5 homeowners with mortgages have an interest rate below 5%, and nearly one-quarter have a rate below 3%. With rates now close
New listings have hit their lowest level of any early June on record, limiting home sales and keeping prices afloat. But many buyers are still
All-cash home purchases reached their highest level since 2014 in April as high mortgage rates drove down overall home sales more than all-cash sales. The
A record one-quarter of Redfin.com house hunters are looking to relocate to a different part of the country as high mortgage rates make affordable areas
Near-7% mortgage rates are preventing both would-be homebuyers and would-be sellers from entering the market. But even though the spring buying season ended with a
Inventory has posted its biggest decline in over a year, with homeowners hanging onto their comparatively low mortgage rates. That trend will probably persist, as
Roughly 4 in 5 homeowners with mortgages have an interest rate below 5%, and nearly one-quarter have a rate below 3%. With rates now close
New listings have hit their lowest level of any early June on record, limiting home sales and keeping prices afloat. But many buyers are still
All-cash home purchases reached their highest level since 2014 in April as high mortgage rates drove down overall home sales more than all-cash sales. The