Housing Market

Monthly Market Update

Inventory Drops While Sales and Prices Rise

Home prices continued their rise in July and sales volume jumped back up from the unexpected June dip. Price per square foot is up 19 percent year over year, but is up only 1.1 percent month-over-month which is the smallest rise in the past five months and is a sign of a cooling off for […]
Cost of a baby's first year in the United States
Affordability

Baby, You’re Expensive!

The average cost of a baby’s first year in the U.S. is about $26,000 if you upgrade your home, use daycare, have insurance and buy the things parents buy.
rising interest rates and rising offers

Home Buyer's Reaction to Mortgage Rates Spike

During the peak summer home-buying season, macroeconomic factors have shaken things up a bit. Federal Reserve Chairman Ben Bernanke announced a tapering of bond buying if the economy continues to improve, and the markets reacted. Last Friday, June 21, saw an especially steep spike with interest rates jumping from 3.9 to 4.5 percent. Naturally, Redfin […]

Here Comes the Inventory

Inventory—in particular the lack of it—has been a front-page topic this year. We’re back on the topic of inventory today, but with glad tidings: Inventory is finally beginning to recover! Active listings grew 6.4% between March and April and another 4.2% on top of that between April and May. Last year inventory peaked in January […]
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