Regional variations in homebuyer sentiment likely a function of new supply variations in those regions, Fannie Mae reports.
Tagged: Redfin
Despite lowest mortgage payments since January, homebuyers aren't biting
Buyers and sellers are still waiting for the right time to jump in
Monthly payments for a starter home are unaffordable for median-income families in half of the 50 largest U.S. metros.
The typical homebuyer’s down payment was 18.6% of the purchase price in June, the highest level in over a decade
Redfin analysts theorize that pending sales for starter homes have strengthened due to easing mortgage rates
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.