Tagged: Redfin

Pending home sales slowed in January.

Redfin found in the fourth quarter that investors were busy scooping up low-cost housing.

Migration patterns shift amid climate concerns, with air quality emerging as a factor in homebuying decisions.

Largest decline in four months coincides with mortgage rate creep.

Homeowners showed a greater willingness to list their homes in January 2024.

Severe winter weather impacted real estate activity, leading to an 8% decline in pending home sales.

Redfin and First American Data & Analytics reports reveal changing dynamics in real estate.

Median mortgage payment of $2,361 reported during the four weeks ending Dec. 31, marking a $372 per month decrease.

Affordability, remote work constraints, and shifting destination preferences contribute to the decline in homebuyers' relocations.

Housing market struggles with affordability as home ownership costs remain high.