Dana Anderson, Author at Redfin Real Estate News

Housing Market Update: More Homes Hit the Market as Spring Approaches, But 7% Mortgage Rates Keep Buyers on the Sidelines

February 22, 2024

New listings posted their biggest increase in two months this week, but mortgage applications and pending sales declined as mortgage rates stay stubbornly high. More sellers are listing their homes as spring draws nearer. New listings rose 10% year over year during the four weeks ending February 18, the biggest increase in two months. Sellers

Housing Market Update: Home Prices and Mortgage Rates Rise, Pushing Would-Be Buyers to the Sidelines

February 15, 2024

Home prices posted their biggest annual increase in 15 months and mortgage rates rose this week. High housing costs, along with seasonal factors like the Super Bowl, pushed down pending sales. The median U.S. home-sale price rose 6.1% year over year during the four weeks ending February 11, the biggest increase since October 2022. Mortgage

Homeowners Today Stay in Their Homes Twice As Long As They Did in 2005, Driven Largely By Older Americans Aging in Place

February 14, 2024

Homeowners are staying put longer than they were in the early aughts. That’s largely because older Americans are aging in place and it’s difficult to find and afford houses, but partly because it was easy to get mortgages in the early 2000s. Tenure has declined a bit from its 2020 peak due to the pandemic

Housing Market Update: Pending Sales Post Biggest Decline in 4 Months, Dampened By Rising Mortgage Rates

February 8, 2024

High mortgage rates and harsh weather are pushing down home sales, but some house hunters are touring and getting a feel for the market. The bumpy start to 2024’s housing market continues, with daily average mortgage rates posting their biggest one-day increase in over a year on February 2. The jump came after a hotter-than-expected

One-Third of Real Estate Agents Worked With Clients Who Relocated Due to Local Laws or Politics in 2023: Redfin Survey

February 6, 2024

Local laws and politics have become increasingly important as the nation gets more politically divided, and homebuyers have more flexibility than they used to in choosing where to live. Roughly one-third (32%) of real estate agents have at least one client who moved primarily because of local laws or politics in the last year. This

Housing Market Update: More People Are Touring Homes, But That Hasn’t Yet Translated to More Sales

February 1, 2024

Redfin’s Homebuyer Demand Index, which measures requests for home tours and other services from Redfin agents, is ticking up as the spring home-selling season draws nearer. That hasn’t yet converted to a meaningful improvement in pending sales–but Redfin agents expect it will in the next few months. Some house hunters are dipping their toes back

Dana Anderson

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