While expensive coastal markets on the coasts like Seattle and San Jose are cooling off, with homes lingering on the market longer than this time last year as bidding wars become less common, some smaller, affordable inland metro areas are heating up. Atlanta, Akron, Ohio and Rochester, New York are a few of the metro […]
Still, Housing Demand Remains Double Digits Below Last Year’s Levels Most of Monthly Increase in Homebuyer Activity is Seen in the Touring Stage, with Offer Growth Lagging The Redfin Housing Demand Index increased 5.1 percent from August to 131 in September, after remaining essentially flat around 124 since May. The month-over-month increase in demand was
Redfin Housing Demand Index Posts Strong Gain from August to September Read More »
Similar increases are common in many other markets, leading buyers to ask: “Should I wait and see if prices fall or buy before mortgage rates go up even more?” If you’re currently searching for a home to buy, or thinking about buying sometime soon, mortgage interest rates are probably on your mind. The rate hikes
September Home Sales Slump, Prices Post Smallest Increase Since the Market Bottomed in 2012
Redfin Survey Suggests that Buyers Are Under Less Pressure to Make Hasty Bids as Competition Eases One in five recent homebuyers said they made an offer sight-unseen, according to a Redfin-commissioned survey in May of 1,463 people across 14 major markets who had bought a home in the last year. That’s down from 35 percent
20% of Recent Homebuyers Made an Offer Sight-Unseen, Down from 35% Late Last Year Read More »
Seattle, San Jose and Denver—among the nation’s fastest housing markets—are seeing a dramatic slowdown, with as little as one in three homes going under contract within 14 days, down from two in three earlier this year. As the housing market heated up this spring there were fourteen metro areas around the country (see chart below)
Spring’s Fastest Markets are Slowing Down this Fall Read More »
