Says 5-Month Streak of Record Prices Is Over, Supply Inching Up
Tagged: Redfin
Report Cites Pandemic, Low Mortgage Rates For Spike
Reports Home Sales Post Smallest 4-Week Increase In Over A Year
Hispanic homeowners in the U.S. are more likely to receive financial help on making their housing payments, than any other race or ethnic group in the country, according to Redfin.
Despite the number of homes for sale slowly growing, the number of pending sales continued to slide as summer commenced.
The housing market shows signs of cooling down as mortgage rates continue to tick above 3% for the first time in 10 weeks.
The number of iBuyer or "instant buyer" homes narrowed to 6.1% down year-over-year for the first quarter of 2021, according to Redfin.
A new report revealed that new listings are holding up better than pending sales and are inching quite close to 2019 levels.
National median home sale price hit a record high of $377,200, up 26% from last year, according to a new Redfin report.