Should mortgage interest rates go higher—and the Mortgage Bankers Association predicts they will hit 4% by the end of the year—home buyers on a fixed budget stand to lose some economic power, said Redfin, Seattle.
Tag: Daryl Fairweather
Redfin: 2022 Kicks Off Hotter Than Last Year
Redfin, Seattle, said home buyer activity could blow out previous records—if there were enough inventory to satisfy demand.
Home Price Appreciation Marches On, Unabated
Reports from Fitch Ratings, New York, and Redfin, Seattle, confirm other industry reports showing while U.S. home price growth appears to be slowing, market conditions portend a very competitive housing environment in 2022.
Redfin 3/4 of Homebuyers, Sellers Report Changing Plans Due to Inflation
Redfin, Seattle, said 73 percent of homebuyers and sellers say inflation is influencing their plans.
Miami Most Popular U.S. Migration Destination for 4th Straight Month
Despite dire warnings about climate change, the poster boy of coastal cities–Miami–remains the most popular U.S. migration destination for the fourth consecutive month, said Redfin, Seattle.
By the Numbers: 10 Housing Records Set in 2021
The coronavirus pandemic and the resulting surge in remote work have changed where, when, why and how people buy homes, reported Redfin, Seattle, resulting in nearly a dozen housing market records in the past year.
Inventories Persist at Record Lows
Homes for sale fell to another record low during the week ending November 28, said Redfin, Seattle. Sustained demand pushed the median home price to another record high, and one-third of homes sold in one week or less.
Apartment Rents Up 13% Year Over Year
Apartment rents increased nearly 13 percent nationwide over the past year–the highest rate in at least two years–but growth slowed slightly in October, reports from Redfin and RealPage said.
Housing Market Roundup Nov. 30, 2021
RE/MAX, Denver, said October home sales fell by 6.4 percent from September—nearly double the typical seasonal decline—pinched between a steep median sales price of $336,000 and record low inventory.
Housing Market Cools, But Relief for Homebuyers Short-Lived
Redfin, Seattle, said median home price appreciation slowed again in October, but provided little relief for homebuyers who have seen double-digit price increases over the past two years.