Analysis and Data
The firm lowered its expectations due to lackluster purchase volume
For-sale listings will now feature detailed climate risk information for flood, wildfire, wind, heat, and air quality, complete with risk scores, interactive maps, and insurance requirements and recommendations.
Refinance activity increased to 55.7% of total applications from 51.2% the previous week
Median-priced homes and condos are less affordable than historical averages in 99% of analyzed counties nationwide.
Roughly 40% of new builds are going to first-time homebuyers, but larger firms have more success reaching this group of buyers.
Redfin economists urge CA homeowners to take action while rates are low and activity is sluggish
Investors made 80,000 purchases in June 2024, compared with 112,000 in June 2023
The FHFA has helped 6,299,035 homeowners avoid foreclosure since 2008.
Conference board’s consumer confidence index slid down to 98.7 from 105.6 in August, the biggest one-month decline since August 2021.
July's 5% annual price gain down from June’s 5.5%.