We’re seeing a small spring rebound, with new listings of homes for sale ticking up. New listings of U.S. homes for sale rose 3% year over year during the four weeks ending April 19, the biggest increase since November. Pending home sales fell 1.2% year over year, the smallest decline in about a month. Mortgage-purchase […]
More Homeowners Are Putting Up ‘For Sale’ Signs As the Days Get Warmer Read More »
13.4% of home-sale agreements that went under contract in March were canceled. House hunters are getting cold feet as costs stay high and economic uncertainty is in the air. Contract cancellations are most common in big-time buyer’s markets like San Antonio and Orlando, where home searchers have a lot of options. They’re least common in
More Than 50,000 Home-Purchase Contracts Fell Through in March Read More »
Home prices ticked up 0.1% month over month on a seasonally adjusted basis. Prices rose 1.7% on a year-over-year basis–the slowest growth rate on record. On a local level, prices fell in 13 major metros month over month, with the biggest declines in Texas and the biggest increase in San Francisco. U.S. home prices inched
U.S. Home Prices Inched Up 0.1% in March Read More »
Aziz Sunderji, housing economist and founder of data visualization consultancy Home Economics, also provided data and analysis for this report. Late April is a sweet spot for sellers; nationwide, homes listed during that period have the highest chance of selling fast and fetching more than the asking price. This is from a Redfin and Home
Late April Is the Best Time to List a Home For Sale Read More »
Nationally, sellers outnumber buyers by 43%—just shy of the largest gap in records dating back to 2013. When sellers outnumber buyers, the buyers who are in the market have bargaining power. 38 of the most populous metro areas were buyer’s markets in March, up from 29 a year earlier. Just five were seller’s markets, down
Homebuyers Hold the Negotiating Power In 38 Major Metros, Up From 29 Last Year Read More »
About two-thirds of homeowners who recently made renovations chose to upgrade their home instead of moving to a new place, per a recent Redfin survey. Within this group of homeowners, millennials and Gen Zers are more likely than older people to remodel instead of move. Most homeowners who renovated in the last year spent less
U.S. Homeowners Are Remodeling Instead of Relocating Read More »