Housing Market News Archives

Redfin July Forecasts Hit the Mark as Housing Demand Cools for Fourth Consecutive Month

August 25, 2015

The Redfin Housing Demand Index decreased 5 percent in July, falling to 108 from 113 in June, the fourth consecutive month-over-month decline. Redfin real estate agents report that the market is rapidly cooling, with buyers reaching their limit on prices and showing less interest in hot home listings. So why does the market feel like it’s cooling so much when the numbers are still pretty strong for September?

Redfin July Forecasts Hit the Mark as Housing Demand Cools for Fourth Consecutive Month Read More »

Will The Stock Market Correction Hurt Housing?

August 24, 2015

Ouch. Last week, Redfin’s Market Tracker showed a huge jump in home sales and healthy increase in prices for July. Good good. But that was then, this is now, and all bets are off as investors load for bear. To see what the future holds for housing, watch this space. Tomorrow, the Redfin Demand Index will forecast September home prices and sales. Also: Pandas.

Will The Stock Market Correction Hurt Housing? Read More »

Mortgage Rate Watch: Does the Fed Matter?

August 20, 2015

Today we go on mortgage rate watch. We’re a month from the Federal Reserve’s next meeting, where they might decide to raise interest rates for the first time since 2006. Between now and then, let’s check in every week to see what mortgage rates are doing.

Mortgage Rate Watch: Does the Fed Matter? Read More »

Home Sales Up 13.4% in July as Supply Hovers Near Record Lows

August 20, 2015

Home sales remained strong with an increase of 13.4 percent over last July, and price growth jumped to 5.8 percent year over year, up from 4.6 percent in June.

Home Sales Up 13.4% in July as Supply Hovers Near Record Lows Read More »

More Construction: Good For the Housing Market, But Not Good Enough

August 18, 2015

Builders are constructing more new homes, but they’re not keeping up with demand from our growing population and coming-of-age millennials. That’s one big reason prices continue to rise.

More Construction: Good For the Housing Market, But Not Good Enough Read More »

Home Prices Are Rising But Mortgage Debt is Falling. What Gives?

August 17, 2015

Last week, we got even more evidence that the mortgage system is seriously out of whack. This week, the Fed speaks and we get several reads on the housing market. The Census Bureau reports on new construction, the National Association of Realtors reports existing homes data and Redfin’s Market Tracker has July prices and sales. Across the pond, architects have designed an incinerator that blows smoke. Smoke rings. Seriously.

Home Prices Are Rising But Mortgage Debt is Falling. What Gives? Read More »

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