Homebuyers—particularly first-time buyers squeezed by competition and soaring home prices—are considering many options, including relocating to other parts of the country, said Bankrate, New York. And according to a similar report from Redfin, Seattle, migrating could be their best option.
Tag: Taylor Marr
Sun Belt Housing Hotspots See the Highest Inflation
Some hot migration destinations for homebuyers including Phoenix, Tampa and Atlanta have the highest inflation rates in the U.S., reported Redfin, Seattle.
Sun Belt Housing Hotspots See the Highest Inflation
Some hot migration destinations for homebuyers including Phoenix, Tampa and Atlanta have the highest inflation rates in the U.S., reported Redfin, Seattle.
Record 8% of U.S. Homes Worth at Least $1 Million
Redfin, Seattle, reported a record 8.2% of U.S. homes—six million—valued at $1 million or more in February, up from 4.8% (3.5 million) two years earlier, just before the coronavirus was declared a pandemic.
Nearly 6,000 Homes Sell for $100,000 Above Asking Price So Far in 2022
Redfin, Seattle, said low housing inventories, rising mortgage rates and double-digit home price increases have homebuyers willing to pay up—and up and up.
Home Prices Soaring in Popular Migration Destinations
Phoenix, Dallas and Orlando saw the most migration activity in the U.S.—and some of the highest home price appreciation as well, reported Redfin, Seattle.
Redfin 3/4 of Homebuyers, Sellers Report Changing Plans Due to Inflation
Redfin, Seattle, said 73 percent of homebuyers and sellers say inflation is influencing their plans.
Housing Market Roundup Nov. 9, 2021
We’re starting to get a lot of year-end housing market reports—which means we should be soon getting 2022 forecasts. Here is a roundup of recent reports to come across the MBA NewsLink desk:
Share of Migration Slows; ‘High-Crime’ Neighborhoods Take a Hit
Nationwide, 30.2% of Redfin.com users looked to move to a different metropolitan area in the third quarter, down from 31.1% in the second quarter, marking the second-straight quarter of declines following four-consecutive quarters of increases.
Demand For Vacation Homes Falls for First Time in a Year
Redfin, Seattle, said buyers who locked in mortgage rates to purchase a second home nationwide fell 11.1% year over year in June, a reversal from the yearlong surge in demand for vacation homes driven by the pandemic.