Analysis and Data

Overall, the housing market experienced it’s typical seasonal cooling in October, but relief from homebuyers may be short-lived as pending home sales rose 3% from September.

A new report from Zillow found that “For Sale By Owner” listings made up just 4-6% of all monthly listings nationwide and that they are mostly used by rural and low-income sellers.

'The ongoing gains showed that lots of households are buying in those areas – something that should lure the attention of investors.'

On a year-over-year basis, though, all four regions witnessed sales decreases.

'We do not believe we are headed for a similar repeat in home price movements and default events in the mortgage market.'

First American Financial Corporation's Potential Home Sales Model for October 2021 reported that potential existing-home sales increased 0.1% month-over-month to 6.27 million, with household formation continuing to grow, largely driven by millennials.

Your monthly mortgage payments will vanish, as long as you maintain the condition of your home, pay property taxes and homeowners insurance. 

Apartment demand is surging at decade-high levels as office vacancies spike and working-from-home becomes the new normal.

Technology-based Fintech mortgage may be the answer to reducing, and ultimately eliminating, racial bias and discrimination in lending.

Although it won’t be a buyer’s market anytime soon, Redfin analysts expect more selection, less frenzy, and slower price growth.