Welcome to the Friday Housing Report Roundup. Click on the link to see what’s happening.
Tag: Daryl Fairweather
Housing Report Roundup: Refi Candidates at Record High; Lenders’ Profit Outlook Improves; Homebuyers Undeterred by High Prices
Here’s a roundup of recent housing finance market reports, from Black Knight, Fannie Mae and Redfin.
Low Rates Offer More Affordability, But Higher Prices Cancel Out
Historically low rates are increasing home buyers’ purchasing power, but low inventories and rising home prices are effectively canceling out that purchase power, said Redfin, Seattle.
Housing Market Stays Hot as Sellers Gain Upper Hand
he U.S. housing market heated up even more during the four-week period ending August 23, said Redfin, Seattle, with strong sales and price growth unfazed by seasonality.
Housing Report Roundup: More San Francisco Home Sellers Dropping Their Prices—And They’re Heading for Sacramento
The ground is shifting in California—and it’s not the San Andreas Fault.
More Space, Please: Sales of Large Homes Up 21%
The typical home that sold in the four weeks ending August 16 was 3.7% larger (1,772 square feet) than sold a year earlier, when it was just 0.4% larger, said Redfin, Seattle.
Late-Summer Home Activity ‘Unseasonably Hot;’ Luxury Home Prices Bounce Back
Redfin, Seattle, said median home prices for the four-week period ending Aug. 9 jumped by 10 percent from a year ago to a record-high $314,000 as the spring home-buying season extended well into late summer.
Home Buyers Not Rushing Back to Open Houses
The trend toward virtual real estate—a necessity during this coronavirus pandemic—might become permanent, with potential home buyers continuing to show little enthusiasm for open houses, said Redfin, Seattle.
Housing Roundup: Low Inventories Drive Up Prices in Hot Sellers’ Market
It’s not just the summer temperatures that are hot: Zillow Inc., Seattle, said despite more new listings added to the market last week than previously, inventories can’t keep up with buyers’ appetite for homes.
Housing Market Roundup Aug. 14, 2020
Here’s a quick-hit summary of housing market headlines this week, featuring reports from Redfin; Bankrate.com; Black Knight; and Fitch Ratings.