Competitive Spring Market Greets Buyers and Sellers with More Listings, Higher Prices Signaling a flattening of the seasonal spring ramp-up, April 2022 home sales increased less than 1% over March – and dropped 12.8% year over year – across the report's 53 metro areas. That, coupled with an 11.5% increase in new listings from March to April, … Continue reading RE/MAX National Housing Report for April 2022
Tag: Housing Market
Redfin reports demand slips, pushing more sellers to drop asking prices
Early indicators of homebuyer activity falter further as mortgage rates shoot up. by Tim Ellis for Redfin Early-stage homebuying demand continues to falter this spring as new listings fell 7% from a year earlier, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. At the same time, the average 30-year fixed mortgage rate … Continue reading Redfin reports demand slips, pushing more sellers to drop asking prices
Knock 2022 Housing Forecast Reveals the Best Markets for Each Stage of Life
Austin is the best market for millennials, Miami rises to the top for Gen X and Pittsburgh ranks No. 1 for baby boomers With affordability and limited supply expected to keep the housing market competitive and remote work and the desire for more space influencing decisions on where to live, Knock, the fast-growing homeownership platform … Continue reading Knock 2022 Housing Forecast Reveals the Best Markets for Each Stage of Life
Are we in a housing bubble? Homebuyers say yes, Redfin expert says no
Historically fast home-price growth has homebuyers and sellers worried the market has become detached from reality. But Redfin’s chief economist says rising mortgage rates and buyers who can afford their homes are preventing a bubble. More than three-quarters (77%) of homebuyers and sellers believe there’s a housing price bubble in the area where they live, … Continue reading Are we in a housing bubble? Homebuyers say yes, Redfin expert says no
Redfin Reports Balance is Slowly Returning as Homebuying Demand Recedes
Price drops reached their highest level since 2019 The share of homes for sale with a price drop rose for the fifteenth consecutive week to 4.9%, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Home sellers are also beginning to notice that the market is no longer heating up, and buyers are … Continue reading Redfin Reports Balance is Slowly Returning as Homebuying Demand Recedes
Redfin Reports Pending Sales Slide as New Listings Reach Pre-Pandemic Levels
Some buyers have hit their limit on record-high prices, but others may return to the market with more homes to choose from and less competition. The U.S. housing market lost more steam as summer began, with pending sales continuing their slide and the number of homes for sale slowly growing, according to a new report from Redfin … Continue reading Redfin Reports Pending Sales Slide as New Listings Reach Pre-Pandemic Levels