Housing Market Roundup Aug. 22 2022

Here’s a quick summary of housing/real estate finance articles that have come across the MBA NewsLink desk:

Homebuyer Competition At 2-Year Low

Six months ago, prospective homebuyers across the country faced stiff competition from each other, with homes for sale receiving multiple, escalating bids. What a difference a few months make.

Redfin: Record Share of Homebuyers Looking to Relocate

Redfin, Seattle, reported the share of homebuyers looking to relocate jumped in July as high mortgage rates and home prices motivated Americans to move to more affordable areas.

House Prices Begin to Fall from Record Highs

Redfin, Seattle, said the median sale price for U.S. homes came down 0.7% from its record-breaking June peak during the four weeks ending July 10.

House Prices Begin to Fall from Record Highs

Redfin, Seattle, said the median sale price for U.S. homes came down 0.7% from its record-breaking June peak during the four weeks ending July 10.