Price drops have become a common feature of the cooling housing market, particularly in places that were popular with homebuyers earlier in the pandemic, reported Redfin, Seattle.
Tag: Redfin
Balance Returning to Housing Market as Competition Eases
Redfin, Seattle, said after months of tipping heavily in sellers’ favor, the scales of the housing market are “finally balancing out.”
Vacation Home Buyers Ignore Natural Disaster Risk
Redfin, Seattle, said pandemic-era second home and vacation home buyers are largely ignoring natural disaster risk.
Redfin: Asking Prices Come Down from Record High
Home sellers are increasingly ceding to the mounting pressure on affordability posed by rapid mortgage rate hikes, reported Redfin, Seattle.
Industry Briefs July 1, 2022
Southwest Stage Funding LLC, dba Cascade Financial Services, a national provider of financing to buyers of manufactured homes, launch its Social Bond Framework, which furthers the company’s commitment to creating pathways for affordable housing.
Redfin: Demand for Vacation Homes Falls Below Pre-Pandemic Levels
Redfin, Seattle, said demand for vacation homes has fallen below the pre-pandemic baseline for the first time in two years, with mortgage-rate locks for second homes down 4 percent from before the pandemic in May.
Redfin: Demand for Vacation Homes Falls Below Pre-Pandemic Levels
Redfin, Seattle, said demand for vacation homes has fallen below the pre-pandemic baseline for the first time in two years, with mortgage-rate locks for second homes down 4 percent from before the pandemic in May.
Housing Market Roundup: June 29, 2022
Here is a summary of recent housing, market and economic reports that have come across the MBA NewsLink desk:
Redfin: Demand for Vacation Homes Falls Below Pre-Pandemic Levels
Redfin, Seattle, said demand for vacation homes has fallen below the pre-pandemic baseline for the first time in two years, with mortgage-rate locks for second homes down 4 percent from before the pandemic in May.
Homebuyers on $2,500 Monthly Budget Lose $118,000 in Spending Power in 2022
Redfin, Seattle, said a homebuyer on a $2,500 monthly budget has lost nearly $120,000 in spending power since the end of last year as mortgage rates have nearly doubled.