Redfin, Seattle, said the typical U.S. homebuyer’s down payment fell 10% year over year in January to $42,375, its lowest level in nearly two years.
Tag: Redfin
In Tighter Market, More Home Sellers Making Concessions
Redfin, Seattle, reported sellers gave concessions to buyers in 45.5% of home sales recorded by Redfin agents during the three months ending February 28, the highest share of any three-month period since June 2020.
Housing Market Roundup Mar. 14, 2023
Here is a summary of recent housing reports that have come across the MBA NewsLink desk:
Housing Market Report: Sellers Retreat; Million-Dollar Homes, Affordable Homes Decrease
In today’s housing market reports, Black Knight, Jacksonville, Fla., said sellers continue to back away amid rising interest rates; and Redfin, Seattle, said inventory of homes at both ends of the spectrum have become less available.
Typical Home Changes Hands Every 12 Years, Down from 2020 Peak
Redfin, Seattle, reported the typical U.S. homeowner has spent 12.3 years in their home, down from the peak of 13.4 years hit in 2020 and 12.9 years in 2021.
Miami Leads Migration Destinations; Austin for First-Time Home Buyers
A record 25% of home searchers looked to move to a different U.S. metro in January, many in search of relatively affordable housing, said Redfin, Seattle. And Bankrate.com, New York, said Austin, Texas ranked highest for first-time home buyers.
Housing Market Roundup: Feb. 23, 2023
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Housing Market Roundup: Feb. 21, 2023
Here’s a summary of recent housing industry articles that have come across the MBA NewsLink desk:
Housing Market Roundup: Feb. 17, 2023
Here’s a quick summary of recent housing market stories that have come across the MBA NewsLink desk:
Industry Briefs Feb. 17, 2023: Homes Bought with Cash Down from November Peak
Redfin, Seattle, said roughly one-third (31.2%) of U.S. home purchases were paid for with all cash in December, up from 28.8% a year earlier but down from the eight-year high of 31.9% hit in November.