Here’s a summary of some of the latest housing and economic reports that have come across the MBA NewsLink desk:
Tag: Daryl Fairweather
Redfin: More Balanced Housing Market in 2022
It’s mid-November, which means it’s also time for 2022 forecasts. Redfin, Seattle, never shy, says the new year will bring more balance to the housing market. However, don’t expect a buyer’s market—just more selection, less frenzy and slower price growth.
October Second-Home Demand Up 70% From Pre-Pandemic Levels
Redfin, Seattle, said while demand for vacation homes has cooled slightly since the start of the year, it’s expected to remain above pre-pandemic levels as many Americans take advantage of more permanent remote-work policies.
Housing Market Roundup Nov. 9, 2021
We’re starting to get a lot of year-end housing market reports—which means we should be soon getting 2022 forecasts. Here is a roundup of recent reports to come across the MBA NewsLink desk:
Housing Market Roundup Nov. 5, 2021: Home Prices Ramp Up; Pressure on Margins; More Affordable Homes Available
Another end to the week; another flurry of economic and housing reports. Here’s a quick summary of what’s come across the MBA NewsLink desk:
Share of Migration Slows; ‘High-Crime’ Neighborhoods Take a Hit
Nationwide, 30.2% of Redfin.com users looked to move to a different metropolitan area in the third quarter, down from 31.1% in the second quarter, marking the second-straight quarter of declines following four-consecutive quarters of increases.
Asking Prices Up 12% to Record High; Other Measures Signal Market Cooling
Asking prices of homes listed for sale increased to a record-high 12%, said Redfin, Seattle, even as other housing market measures continued to show signs of cooling.
Redfin: Home Sales Post First Annual Decline in 15 Months
Redfin, Seattle, reported home sales fell on a monthly and annual basis in August for the first time since May 2020, although home prices continued to rise at a double-digit annual pace.
Home Prices Up 15% from Year Ago, But Taking Longer to Sell
Yet another report this week shows U.S. home prices with double-digit percentage annual home price gains, although not nearly as dramatic as earlier reports. And, said Redfin, Seattle, pending sales are slowing and homes are taking longer to sell—and sellers are taking notice by slashing their asking prices.
Redfin: 12 Straight Months of Double-Digit Home Price Increases
Redfin, Seattle, said the median price of homes sold in July jumped by nearly 20% from a year earlier to a record high $385,600, down from a peak of 26% in May but still higher than any point on record prior to April of this year.