Redfin, Seattle, said rising mortgage rates and persistently high home prices are motivating many buyers who remain in the market to relocate to more affordable areas.
Tag: Redfin
Pending Home Sales Fall 4th Straight Month
Pending home sales for the fourth consecutive month in September, the largest single monthly decline since onset of the coronavirus pandemic, the National Association of Realtors reported Friday, with all four regions reporting both month-over-month and year-over-year declines in transactions.
Industry Briefs Oct. 31, 2022: Chase Home Lending Announces $2,000 Closing Costs for Veterans, Servicemembers
Chase Home Lending, New York, announced a $2,000 VA Purchase Closing Cost Benefit to support homeownership for veterans, servicemembers and their families. The benefit is available to servicemembers and veterans purchasing a primary residence with a VA mortgage loan.
Industry Briefs Oct. 25, 2022: NewDay USA to West Palm Beach?
NewDay USA, Fulton, Md., is expanding and taking occupancy with 250 employees in the top two floors of 360 Rosemary, a 20-story, 297,000-square-foot office building in West Palm Beach, Fla.. In addition, the company is in negotiations with Related Co. to relocate its Maryland-based headquarters to West Palm Beach.
Housing Market Roundup Oct. 20, 2022
Here’s a summary of housing market reports that came across the MBA NewsLink desk this week:
Industry Briefs Oct. 13, 2022: Constellation Mortgage Solutions, Lender Price Announce Partnership
Constellation Mortgage Solutions, a provider of enterprise mortgage loan origination and servicing software systems, announced a partnership with Lender Price, a provider of mortgage product and pricing engines.
Homebuyers, Sellers Start Shifting on Climate Risk Issues
Earlier this year, you could get a bidding war for swampland in Florida. Now, said Redfin, Seattle, homebuyers and sellers are getting pickier—and particularly when it comes to climate risk.
Housing Market Roundup Oct. 6, 2022
Here’s a summary of recent housing/economic reports that have come across the MBA NewsLink desk:
Typical Homebuyer’s Mortgage Payment Up 15% Since Mid-August
Talk about a wallop to the wallet: the typical homebuyer’s monthly mortgage payment has climbed $337 (15%) over the past six weeks, according to a report from Redfin, Seattle.
15% of August Home Purchase Agreements Fall Through
Redfin, Seattle, reported 64,000 home-purchase agreements fell through in August, equal to 15.2% of homes that went under contract that month. That’s up from 12.1% a year earlier and is comparable with July’s revised rate of 15.5%.