Redfin: Rising Rates Sap Remaining Energy From Housing Market
Predicts a cooler-than-normal winter buying season.
Tagged: Home Sales
July Home Sales Dropped 19.3% YOY
Home prices increased at their slowest pace since June 2020, rising 7.7%
First American: Home Sales Nearing 'Not-So-New Normal'
Down 14.4% in July from a year earlier, declining home sales are a symptom a cooling housing market.
Competition Now Highest For Lowest-Priced Homes
In reverse of pandemic trend, competition for mid- and high-priced homes not as white hot among buyers.
Growing Housing Inventory Dampens Competition: Redfin
While new listings dropped 12%, overall housing supply is growing, giving buyers more choices.
Do Sellers Still Have The Edge?
Or has the market shifted toward the buyers?
Increasing Number Of Homes On The Market Longer
Redfin reports that 61.2% were listed for at least 30 days, up from 54.4% a year earlier.
Consumers More Pessimistic About Buying, Selling A Home
Fannie Mae Home Purchase Sentiment Index falls to its lowest level since 2011.
Helping Buyers Ease Into Loans
How you can leverage the market to lower the initial mortgage payments.