Lack Of Inventory Keeping Home Prices From Falling Faster: Redfin
For the four-week period ended April 23, new listings of homes for sale fell 22.4%.
Tagged: Redfin
For 8th Straight Month, New Listings Drop By Double Digits
Redfin said the 25% decline for the four weeks ended April 9 was the biggest since the start of the pandemic.
Early-Stage Homebuying Demand Hits Highest Level Since May
Redfin says its Homebuyer Demand Index jumped to its highest level since last May.
Fed Rate Hike Doesn’t Alter Redfin’s Spring Housing Outlook
Says spring home-sale season starts with steady demand, but lack of listings holds back sales.
Down Payments In January Fell 10% YOY
Redfin says the typical down payment was $42,375, the lowest in nearly 2 years.
Redfin Reports Mortgage Demand Ticks Up As Rates Drop
Amidst banking turmoil, busiest day for rate locks recorded in 2023.
Redfin: Nearly Half Of Home Sellers Are Making Concessions
In addition, a record 13% of sales include price cuts and final sales below list price.
Redfin: Monthly Housing Payments Hit All-Time High
Payments of nearly $2,600 further dampen homebuying affordability.
Redfin: Higher Rates Mean Fewer Million-Dollar Homes
Share of U.S. homes worth at least $1 million has fallen to 7% from 8.6% last June.