Reports from House Canary, Washington, D.C., and Redfin, Seattle, point to slowing housing market activity this summer following a breakneck pace over the past two years.
Tag: Home Prices
Michael Rappaport of Homespire Mortgage: Prevailing Winds–3 Predictions for the Year Ahead
Based on current data and trends, here are three predictions for the industry’s landscape as we move further into 2022.
Nearly 6,000 Homes Sell for $100,000 Above Asking Price So Far in 2022
Redfin, Seattle, said low housing inventories, rising mortgage rates and double-digit home price increases have homebuyers willing to pay up—and up and up.
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.
Veros: Slightly Slower Home-Price Growth, Still-Booming Market in 2022
Veros Estate Solutions, Santa Ana, Calif., released its Q4 2021 VeroFORECAST data, projecting home prices will appreciate on average 6.8% for the next 12 months—slightly less anticipated growth compared to its third quarter predicted national average appreciation of 7%.
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.
Zillow: Home Builders Still Playing Catchup
Zillow, Seattle, said limited supply of for-sale homes is a key reason home prices have risen quickly during the COVID-19 pandemic.
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.
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.