Here’s a summary of housing market reports that came across the MBA NewsLink desk this week:
Tag: Redfin
Industry Briefs Oct. 13, 2022: Constellation Mortgage Solutions, Lender Price Announce Partnership
Constellation Mortgage Solutions, a provider of enterprise mortgage loan origination and servicing software systems, announced a partnership with Lender Price, a provider of mortgage product and pricing engines.
Homebuyers, Sellers Start Shifting on Climate Risk Issues
Earlier this year, you could get a bidding war for swampland in Florida. Now, said Redfin, Seattle, homebuyers and sellers are getting pickier—and particularly when it comes to climate risk.
Housing Market Roundup Oct. 6, 2022
Here’s a summary of recent housing/economic reports that have come across the MBA NewsLink desk:
Typical Homebuyer’s Mortgage Payment Up 15% Since Mid-August
Talk about a wallop to the wallet: the typical homebuyer’s monthly mortgage payment has climbed $337 (15%) over the past six weeks, according to a report from Redfin, Seattle.
15% of August Home Purchase Agreements Fall Through
Redfin, Seattle, reported 64,000 home-purchase agreements fell through in August, equal to 15.2% of homes that went under contract that month. That’s up from 12.1% a year earlier and is comparable with July’s revised rate of 15.5%.
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.
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.