Redfin: Housing Market Coming Into Balance
But rising interest rates taking a toll on both buyers and sellers.
Tagged: Redfin
All-Cash Buyers Still Dominate As The Market Slows
31.4% of U.S. home purchases were paid with all cash in July.
Redfin: Rising Rates Sap Remaining Energy From Housing Market
Predicts a cooler-than-normal winter buying season.
Homes Now Selling Below 100% Of Asking Price
Despite the price reduction, demand is still down.
Redfin: Sellers Backing Off As Prices Fall & Mortgage Rates Surge
With new home listings falling 15% annually, sellers are reluctant to list their homes as they have begun to see prices come down.
July Home Sales Dropped 19.3% YOY
Home prices increased at their slowest pace since June 2020, rising 7.7%
Housing Market Slowdown Starting To Slow
Redfin says a number of metrics that reflect a cooling market are now leveling off.
Investor Purchases Plateau, But Remain Well Above Pre-Pandemic Levels
In dollar terms, home investing up over 10% year over year.
Redfin: More Homebuyers Backing Out Of Deals
About 16% of home-purchase agreements called off in July, highest rate in 2 years.