Tagged: Home Prices

Existing-home supply reached its highest level since 2019, but elevated payments and economic uncertainty pushed sales to a 14-month low

Pending listings turned negative in August despite more inventory, lower asking prices, and sellers remaining open to negotiation

Price declines are spreading, yet mortgage rates and uneven local conditions continue to limit what buyers can afford

Pending sales fell to a six-month low as inventory increased, giving originators more room to use seller concessions to make difficult purchase deals work

Prices fell 2.9% in Austin but rose 6.4% in Chicago, showing weak purchase demand is producing local corrections rather than a national one

One in five listings had a price reduction in July, while pending sales increased for the eighth consecutive month

Price cuts and longer listing times are creating opportunities for loan officers to help borrowers negotiate seller concessions, but leverage varies sharply by metro

Annual appreciation reached its highest rate since August, but prices varied sharply by market and buyer segment

Redfin’s index rose 3% annually in June, with luxury demand and limited move-in-ready inventory supporting prices despite elevated mortgage rates

Redfin reports record home prices as existing-home sales reached their highest level since 2022