Here’s a summary of recent housing industry articles that have come across the MBA NewsLink desk:
Tag: Redfin
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.
Industry Briefs Feb. 13, 2023: Guild Mortgage Acquires Legacy Mortgage
Guild Mortgage, San Diego, increased its Southwest presence with acquisition of Legacy Mortgage, an independent New Mexico-based lender.
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.
Industry Briefs Jan. 31, 2023: Revolution Mortgage Partners with Silverwork Solutions
Silverwork Solutions, Chicago, a developer of digital workforce BOTs, announced a partnership with Revolution Mortgage, Columbus, Ohio.
Industry Briefs, Jan. 18, 2023: Inflation’s Impact on Small Businesses
Biz2Credit, New York, announced findings of its Small Business Inflation Study that analyzed the revenues and expenditures of more than 140,000 U.S. small businesses from January 2019 to October 2022.
Rent Growth Slows 7th Straight Month
Redfin, Seattle, reported the median U.S. asking rent rose by just 4.8% year over year to $1,979 in December—the smallest increase since July 2021. Despite the slowing, the report said rents grew at more than three times that pace one year earlier.
Record Share of Home Sellers Offer Concessions to Buyers
The housing market’s about-face from a sellers’ market to a buyers’ market played out in stark fashion in the fourth quarter, with a record share of home buyers asking for—and receiving concessions in home sales, said Redfin, Seattle.
Housing Market Roundup: Luxury Home Sales Plummet; Buyers Get Some Leverage Back
Here’s a summary of housing market reports that came across the MBA NewsLink desk over the holidays: