Home prices in car-dependent areas are up 33% since before the pandemic versus 16% for transit-accessible neighborhoods, according to a new report from Redfin, Seattle, reflecting the rise in remote work and the declining importance of proximity to public transportation.
Tag: Redfin
Industry Briefs July 6, 2021
The Federal Housing Finance Agency issued a Policy Statement on Fair Lending. The Policy Statement communicates FHFA’s commitment to comprehensive fair lending oversight of Fannie Mae, Freddie Mac and the Federal Home Loan Banks and provides a foundation for building out FHFA’s fair lending program.
Industry Briefs June 25, 2021
Lodasoft, Livonia, Mich., integrated with the Optimal Blue PPE engine through Black Knight, Jacksonville, Fla. The integration enables mortgage lenders to deliver Optimal Blue PPE pricing workflows into Lodasoft’s platform
Homebuying Demand Lets Up a Bit as Prices Soar
Fierce competition continues to drive home prices up, but home tours, offers and pending sales have slowed, according to a new report from Redfin, Seattle.
Industry Briefs June 18, 2021
Fannie Mae, Washington, D.C., said economic growth expectations for full-year 2021 were revised modestly upward to 7.1 percent, one-tenth higher than the previous forecast, due to stronger-than-expected consumer spending data year to date.
More than Half of Homes Selling Above List Price
The national median home-sale price hit a record high $377,200 in May, up 26% year over year, reported Redfin, Seattle.
Redfin: 7 in 10 Buyers Still Face Bidding Wars
Redfin, Seattle, said 70.4% of home offers written by Redfin agents faced competition in May, down from 73.6% in April, but still up significantly from 52.7% a year ago.
Industry Briefs June 15, 2021
The Federal Housing Finance Agency issued a Request for Input on executive compensation at its regulated entities: Fannie Mae and Freddie Mac and the Federal Home Loan Banks.
Despite Risk, Homes in High-Flood Areas Flying Off the (Continental) Shelves
Hurricane seasons and climate change are threatening to redraw coastal U.S. maps. But it’s not stopping homebuyers from chasing down waterfront properties.
Redfin: Relief from Red-Hot Market May Be on Way
Redfin, Seattle, said asking prices leveled off as pending sales–which were rising at this time in 2019–posted a 3% monthly decline. Homes still sold for record prices, at record speeds.