Housing Market
All Reports
June 1, 2023
Mortgage rates hitting a 7-month high and limited listings are sidelining homebuyers, but many are ready to pounce when rates decline and more homes hit the market. The silver lining of low inventory is that it’s propping up prices for the sellers who do list their homes. Pending home sales fell 17% from a year […]
May 31, 2023
That outpaced a 41% drop in overall home purchases. Investors retreated as rising interest rates and falling home values shrank potential profits. Still, investors bought up 18% of homes that sold. That’s down from a peak of 20% a year earlier but is higher than pre-pandemic levels. Investors gravitated toward low-priced homes and condos; starter […]
May 25, 2023
Monthly housing payments hit a new record high this week as mortgage rates jumped, pricing out many homebuyers, especially those with limited budgets. But Redfin agents report that many serious buyers are used to high rates and remain in the market. Housing payments hit a new high this week as mortgage rates jumped due to […]
May 25, 2023
Sellers are handing out freebies to attract bidders as high mortgage rates dampen homebuying demand. But in some markets, there are so few homes for sale that sellers are bringing in multiple offers and don’t have to offer concessions. Home sellers gave concessions to buyers in 42.9% of U.S. home sales during the three months […]
May 23, 2023
Prices are falling by double digits in the Bay Area and rising by double digits in South Florida–a gap that’s near a 30-year high. The wild pandemic-era housing market made price growth trends more local than they had been since 2009. Real estate trends have been more local in the last year than they have […]
