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Housing Market Update: Homebuyers Regain Some Control as Supply Grows and Demand Pulls Back
Source: Redfin --- May marked a turning point in the pandemic housing frenzy, as buyers regained some control over the market. This limited sense of control comes at a great cost, as 5% mortgage rates and record-high prices have edged many buyers out of the market....
Redfin Advises Listing Sooner Rather Than Later, Pricing Slightly Below Recent Comps & Other Home-Selling Tips For a Changing Market June 2, 20
Source: Redfin --- The housing market is shifting from a red-hot seller’s market to one where buyers have some power. After nearly two years of a housing-supply shortage and bidding wars for most homes that did come on the market, higher mortgage rates and surging...
Homebuyer Competition Falls for Second Consecutive Month
Source: World Property Journal --- National property broker Redfin is reporting this week that 60.7% of home offers written by Redfin agents nationwide encountered competition on a seasonally adjusted basis in April, the lowest level since March 2021. That's down from...
Is The Housing Market About to Collapse? What Investors Need to Know
Source: Bigger Pockets --- It seems like every media outlet, and perhaps every person on Earth, is debating if the housing market is going to crash soon. While the truth is that no one really knows what’s going to happen, we can examine data and attempt to determine...
‘This might be a housing bubble,’ says Dallas Fed economist—here’s an exclusive look at the latest housing market analysis
Source: Fortune --- Back in March, economists at the Federal Reserve Bank of Dallas put the real estate industry on high alert when they published a paper titled "Real-time market monitoring finds signs of brewing U.S. housing bubble." It's one thing for Redditors on...
Mortgage rates drop for second consecutive week
Source: Fox Business --- Mortgage rates dropped last week for the second consecutive week as the economy slowed alongside consumer spending, according to the latest data from Freddie Mac. The average 30-year fixed-rate mortgage rate decreased 15 basis points to 5.1%...
