Redfin, Seattle, reported 33.4% of home purchases in April were all-cash, the highest share in nine years and up from 30.7% in April 2022.
Tag: Redfin
One-Third of Homebuyers Used Cash in April, Redfin Finds
Redfin, Seattle, reported 33.4% of home purchases in April were all-cash, the highest share in nine years and up from 30.7% in April 2022.
Investor Home Purchases Down Record 49% Year-Over-Year, Redfin Finds
Redfin, Seattle, reported real estate investors purchased nearly 49% fewer homes year-over-year in the first quarter, the largest annual decline on record.
Redfin: For Housing Price Growth Trends, Look Local
Redfin, Seattle, said home price growth trends in spring 2022 hit the highest metro-to-metro variation since the Great Recession.
Redfin: For Housing Price Growth Trends, Look Local
Redfin, Seattle, said home price growth trends in spring 2022 hit the highest metro-to-metro variation since the Great Recession.
Redfin: Fewer Listings, Faster Home Sales
Redfin, Seattle, said fewer homes are selling than usual this spring—but the ones that are changing hands are going fast, with a small pool of buyers circling an even smaller pool of listings.
Industry Briefs May 16, 2023: FHFA Requests Input on GSEs’ Single-Family Pricing Framework
LenderLogix, Buffalo, N.Y., announced its streamlined point-of-sale LiteSpeed now offers a Spanish version of the residential loan application to support communication with Spanish-speaking borrowers in their native language.
Redfin: Homes Sell Quickly as ‘Historic’ Drop in Listings Fuels Competition Among Buyers
Redfin, Seattle, said elevated mortgage rates continue to prompt many homeowners to stay put, resulting in bidding wars as buyers compete for a small pool of homes.
Industry Briefs May 4, 2023: Peak Residential Lending Partners with LenderLogix
LenderLogix, Buffalo, N.Y., announced Peak Residential Lending implemented its application suite – LiteSpeed, QuickQual and Fee Chaser – into its existing tech stack to power a digital borrower experience.
Out-of-Town Moves Remain Popular as High Housing Costs Push Homebuyers to More Affordable Areas
Redfin.com home searchers looking to relocate to a new metro fell by 4.2% from a year earlier in the first quarter, compared to a 15.6% drop for those looking to move within their current metro. Those are the biggest drops in Redfin’s records, which go back through 2018.