In a recent survey of 1,002 homebuyers, Redfin found a 10 percentage-point increase in those interested in “buying now,” as well as more concern about rates.
The Redfin Housing Demand Index increased 6.5 percent from the previous month to a seasonally adjusted level of 130 in January. This marks the highest level recorded since January 2013, the first month measured by the Redfin Demand Index. The Demand Index is based on thousands of Redfin customers requesting home tours and writing offers. […]
In the hottest job markets, federal loan programs aren’t helping people land homes in the areas that are closest to the best jobs. Federal Housing Authority (FHA) borrowers are often working-class first-time homebuyers. In hot job markets, the supply of affordable homes close to work is so limited that FHA homebuyers chase affordability into neighborhoods […]
The Redfin Housing Demand Index, based on thousands of Redfin customers requesting home tours and writing offers, increased 15.1 percent from last month to a seasonally adjusted level of 124 in December. This marks the highest level recorded since January 2013, the first month measured by the Redfin Demand Index. A level of 100 […]