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September 22, 2023
With monthly housing payments at an all-time high, would-be buyers are waiting for homes to become more affordable. But slightly more homeowners are listing their homes this month, providing a glimmer of hope for buyers who want more to choose from. What homebuyers are doing: Waiting for homes to become more affordable and for more …
September 20, 2023
Nearly 80% of respondents to a recent Redfin survey support policies that promote homebuilding. But just one-third of them would feel positive about a large new apartment complex built near their home. Nearly four of every five (78%) respondents to a recent Redfin survey support policies that promote building more housing. But just one-third (32%) …
September 15, 2023
Some homebuyers got cold feet as mortgage rates hit the highest level in over two decades and prices continued to rise, but buyer demand and new listings have stabilized following months of declines. Residential real estate deals are falling through at the highest rate in almost a year as high mortgage rates give homebuyers sticker …
Home Purchases Fell Through at the Highest Rate in Nearly a Year in August
September 14, 2023
Mortgage rate locks for second homes are down nearly 50% from pre-pandemic levels, compared to a 33% drop for primary homes. Mortgage-rate locks for second homes were down 47% from pre-pandemic levels on a seasonally adjusted basis in August, compared to a 33% decline for primary homes. August marks the 14th-straight month that second-home demand …
Demand for Vacation Homes Sits Near 7-Year Low Due to High Housing Costs, Return-to-Office Mandates
September 14, 2023
7%-plus mortgage rates and increasing home prices have pushed the typical U.S. monthly mortgage payment to a record high, and sent pending home sales down 12% year over year. What homebuyers need to know: It’s more expensive than ever to buy a home. The median monthly mortgage payment hit an all-time high of $2,632 during …
Housing Market Update: Monthly Housing Costs Hit All-Time High, Deterring Would-Be Buyers
September 13, 2023
Return-to-office mandates are forcing some people to choose between selling their home at a loss or losing their job. Roughly 20% of surveyed sellers say they’re moving due to safety/crime concerns, a desire to live somewhere more aligned with their social views and/or lower taxes. About 10% of respondents cite discrimination in their neighborhood and/or …
1 in 10 Home Sellers Are Moving Because They’re Being Called Back to the Office: Survey
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