Homebuyers came out of the woodwork in December as mortgage rates posted the biggest monthly decline since 2008.
Tag: Redfin
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Redfin: Median Asking Rent Continues to Decline
Redfin, Seattle, reported the median U.S. asking rent fell 0.8% year-over-year in December, marking the third consecutive decline.
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Redfin: Supply Crunch Eases; House Price Growth Slows
U.S. home prices rose 0.6% in November–the smallest increase since June–as a jump in the number of homes for sale gave buyers more options, the Redfin Home Price Index reported Tuesday.
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Redfin: November Asking Rents Post Biggest Drop in More Than Three Years
Redfin, Seattle, reported asking rents declined 2.1% year-over-year in November–the biggest annual drop since immediately pre-pandemic in February 2020.
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Redfin Predicts 2024 Will Be the Year Homebuyers Catch a Break
Signs point to a shift toward a buyer’s market in 2024 as pandemic-driven inflation takes its last gasps, mortgage rates come down and more people list their homes for sale, according to Redfin, Seattle.
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Redfin Finds Home Prices Up 0.7% Month-over-Month in October
Home prices rose 0.7% month-over-month nationwide to a record high in October, reported Redfin, Seattle.
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Redfin: 1 in 3 Homebuyers Paying All Cash, Highest Share in Nearly a Decade
Redfin, Seattle, reported the share of homes bought in all cash hit its highest level since 2014 in September as elevated mortgage rates made paying in cash more attractive.
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Redfin: Record Share of Home Sellers Drop Asking Prices
Nearly 7% of for-sale homes posted a price drop during the four weeks ending October 29, on average, the highest portion on record, according to Redfin, Seattle.
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Redfin: Nearly One-Third of Homes for Sale Are New Construction
More than 30% of U.S. single-family homes for sale nationwide in the third quarter were new construction, according to a new report from Redfin, Seattle.
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Redfin: Most Respondents Support More Housing, But Many Don’t Want Apartments in Their Neighborhood
A recent Redfin survey finds that nearly 80% of respondents support policies that promote building more housing.