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.
Tag: Redfin
Redfin: Drought-Affected Areas Seeing Growth
An estimated $17 trillion worth of homes—nearly 25 million properties—experienced intense drought in August, up 42% from a year earlier. It’s not stopping property-hungry borrowers, according to Redfin, Seattle.
Sellers Increasingly Reluctant to List Homes; Investors Stepping Up
Redfin, Seattle, said would-be sellers are reluctant to list their homes as they have begun to see prices come down. With few new listings, buyers’ newfound bargaining power is reaching its limit, especially now that demand has stabilized.
Housing Market Roundup Aug. 23, 2022
Here’s a quick summary of housing/real estate finance articles that have come across the MBA NewsLink desk:
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.
Housing Market Roundup Aug. 10, 2022: More Home Listings ‘Stale;’ Opportunity Zone Home Prices Lag
Here’s a quick roundup of housing market stories this week:
Homebuyer Income Soars in Housing Hotspots
If you build it, they will come; and they’ll bring buying power (and they’ll need it, too).
More Homebuyers Flock to Climate Risky Areas, Despite Intensifying Natural Disasters
Wildfires? Floods? Other natural disasters? “Bring it on,” homeowners seem to be saying.