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.
Tag: Redfin
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:
Industry Briefs Dec. 22, 2022: Guild Mortgage Launches Payment Advantage Program
Guild Mortgage, San Diego, introduced Payment Advantage, a new conventional loan program to help homebuyers save on their payments as rates continue to rise.
Industry Briefs Dec. 6, 2022: Redfin Adds Zoning Data for More Than 70 Million Homes
Through a partnership with Zoneomics, Redfin provides users with a detailed view that educates them on implications of their local zoning guidelines for nearly any home in the U.S. and Canada.
Home Delistings Hit Record High in November as Buyers, Sellers Retreat
The shifting housing market appears to have caught a lot of home sellers by surprise: A record 2% of U.S. homes for sale were delisted each week on average during the 12 weeks ending Nov. 20, compared to 1.6% one year earlier, according to Redfin, Seattle.
Redfin: Home Relocation Near Record High
The share of Redfin.com users looking to move to a different metro area is near its record high as high rates and prices up the appeal of affordable places.
Redfin: Home Price Growth Cooling in ‘Pandemic Boomtowns’
Home-price growth has slowed fastest in pandemic boomtowns, including Austin, Phoenix and Boise, as high mortgage rates and an uncertain economy deter would-be buyers, said Redfin, Seattle.
Housing Market Roundup Nov. 23, 2022
We’ve had a flurry of reports ahead of the Thanksgiving holidays; here’s a quick summary of what’s happening:
Industry Briefs Nov. 18, 2022: Revvin Releases HELOC-Ready Workflows
Revvin, Chicago, released a set of HELOC-specific workflows that make it easier for lenders to attract home equity line of credit applicants and gather the required information for delivery to the lender’s LOS.
Income Needed to Afford Typical U.S. Home Jumps By 46% From Year Ago
Homebuyers across the country need to earn substantially more money than they did a year ago to buy a home, due to high mortgage rates and persistently high home prices, said Redfin, Seattle.