Redfin analysts theorize that pending sales for starter homes have strengthened due to easing mortgage rates
Tagged: Redfin
Redfin’s Homebuyer Demand Index — which measures requests for tours and other buying services — has risen 4% over the last week.
Higher-priced properties see largest price gains as investor purchases and market share rise
First American also reported house prices nationally are now 55% higher compared to pre-pandemic levels, while Redfin reported a 0.2% uptick in home prices.
More home-purchase agreements canceled than any other July on record
Typical homebuyer paid $2,588 during four weeks ending August 11
San Jose and Las Vegas home to 27% year-over-year growth in investor purchases
According to Redfin, the total value of the U.S. housing market grew 6.6% year over year.
Redfin reported that high-fire-risk counties saw 63,365 more people move in than out in 2023.
Inventory is getting stale, agents say, due to continued high rates, payments