Pending sales posted a big year-over-year increase this week, partly because the boom in early-stage homebuying demand we saw just after the election is translating to sales and partly because we’re comparing to a period in 2023 that included Thanksgiving. U.S. pending home sales rose 12.1% year over year during the four weeks ending November […]
U.S. investor home purchases fell 2% year over year in the third quarter, a much smaller change than the swings of the last several years. Purchases are now back near pre-pandemic levels. In Florida, investor purchases posted double-digit declines amid an ongoing climate and insurance crisis. But investor purchases saw double-digit gains in a handful […]
The number of homebuyers and sellers contacting Redfin agents has jumped over the last week, with Redfin’s Homebuyer Demand Index posting its biggest year-over-year increase since early 2022. Homebuyers are jumping into the market now that the election has passed and the Fed has cut interest rates for the second time in a row. The […]
17.5% of respondents who plan to move in the next year cited a concern for safety/crime as one of the reasons why, while 13.7% cited a concern for natural disasters or climate risks. Safety and climate risk fears outranked a range of reasons to move, including lower property taxes, family changes, and higher rated schools. […]
The five U.S. metro areas where pending sales are falling most are all in Florida, though the declines are easing in some metros following a destructive hurricane season. Florida is home to the five U.S. metropolitan areas where pending home sales are falling fastest. In Fort Lauderdale, pending sales dropped 15.2% year over year during […]
Home prices grew 0.5% month over month in October, rising at the same pace as September. It was the 12th consecutive month with price growth between 0.2% and 0.7%. On a year-over-year basis, home prices rose 5.9%, the smallest annual increase since December. Eight of the 50 most populous U.S. metros recorded a drop in […]