Zillow, Seattle, said housing market has tilted firmly back in favor of sellers, as steady demand met scarce inventory to drive up home values.
Tag: Home Prices
Redfin: Home Prices See Sharpest Monthly Drop in Decade
Redfin, Seattle, reported the median U.S. home price fell 3.3% in March to $400,528, the largest year-over-year drop since 2012.
Redfin: Spring Home Season Off to Mixed Start
Two reports from Redfin, Seattle, suggest the spring home buying/selling season could be hamstrung by cooling home prices and a usual suspect: not enough housing inventory.
Homebuyers See Relief from Prices, Monthly Payments
Redfin, Seattle, said homebuyers in many markets are starting to see relief from home prices and monthly payments.
Home Price Report Roundup: More Rebalancing
Three reports show a continuing trend of slowly receding home prices, with some markets coming back to earth faster than others. Here’s a summary of those reports:
Redfin: Home Price Growth Cooling in ‘Pandemic Boomtowns’
Home-price growth has slowed fastest in pandemic boomtowns, including Austin, Phoenix and Boise, as high mortgage rates and an uncertain economy deter would-be buyers, said Redfin, Seattle.
Black Knight: Tappable Equity Likely Peaked in Spring
Black Knight, Jacksonville, Fla., said falling home prices likely resulted in homeowners’ tappable equity peaking this past May.
Homebuyer Income Soars in Housing Hotspots
If you build it, they will come; and they’ll bring buying power (and they’ll need it, too).
Home Sellers Dropping Asking Price in Most Metros
Price drops have become a common feature of the cooling housing market, particularly in places that were popular with homebuyers earlier in the pandemic, reported Redfin, Seattle.
Black Knight: Signs of Home Price Cooling as Inventory Levels Improve
Black Knight, Jacksonville, Fla., said home price growth slowed in 97 of the 100 largest U.S. housing markets in May, with the national annual appreciation rate pulling back by more than a full percentage point from April.