Redfin, Seattle, reported sales of high-end U.S. homes fell 28.1% year-over-year during the three months ending Aug. 31.
Tag: Redfin
Luxury Home Purchases Plummet 28%
Redfin, Seattle, reported sales of high-end U.S. homes fell 28.1% year-over-year during the three months ending Aug. 31.
Luxury Home Purchases Plummet 28%
Redfin, Seattle, reported sales of high-end U.S. homes fell 28.1% year-over-year during the three months ending Aug. 31.
Record Share of Homebuyers Relocate, Driven by Moves Away from Expensive Coastal Areas
A record 33.9% of Redfin.com users nationwide looked to move from one metro to another in July and August, up from 32.6% in the second quarter and 26% before the pandemic.
Housing Market Roundup Sept. 22, 2022
Here’s a quick summary of housing/economic reports that recently came across the MBA NewsLink desk:
Staying Put: 85% of Homeowners with Mortgages Have Rate Far Below Current Level
With mortgage interest rates pushing well above 6 percent—the Mortgage Bankers Association on Wednesday reported 30-year rates up by 24 basis points to 6.25%–a growing number of homeowners are reluctant to sell because they have a lower rate locked in, said Redfin, Seattle.
Nearly 1/3 of Homes Bought All-Cash as Buyers Gain Upper Hand
Redfin, Seattle, reported nearly one-third (31.4%) of U.S. home purchases were paid for with all cash in July, near the eight-year high reached in February and up from 27.5% a year earlier. In a separate report, Redfin said higher interest rates have given home buyers the upper hand after several years of a “sellers’ market.”
Housing Market Roundup Sept. 15, 2022
Here’s a quick summary of recent housing market reports that have come across the MBA NewsLink desk:
Home Building Increases in Disaster-Prone Areas
More than half of homes built today face fire risk, compared to 14% of homes built from 1900 to 1959, as suburbanization and a shift to the Sun Belt push builders into more vulnerable areas, said Redfin, Seattle.
Inflation Hitting Millennial, Gen Z Renters Harder than Others
Millennials who took on a new rental lease in July saw their overall cost of goods and services increase 11.6% year over year, substantially higher than 8.5% for the U.S. population as a whole, said Redfin, Seattle.