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One-Quarter of Homebuyers Looking to Move to Another Metro Area

One-Quarter of Homebuyers Looking to Move to Another Metro Area

by Phil Hall | Jun 28, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

One-quarter of American homebuyers, a new record level, are looking to move to a different metro area, according to data from Redfin (NASDAQ:RDFN). In comparison to current level of 25.4% homebuyers looking outside of their area, the share considering relocation was...
Zillow: Home Values Up 1.4% in May

Zillow: Home Values Up 1.4% in May

by Phil Hall | Jun 12, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

U.S. home values grew by 1.4% from April to May, the strongest monthly appreciation since last June, according to new data from Zillow Group (NASDAQ:Z, ZG). The home value as of May was $346,856, up 0.9% year-over-year. Zillow Senior Economist Jeff Tucker noted the...
More Than 2 in 5 Home Sellers Are Making Concessions to Buyers

More Than 2 in 5 Home Sellers Are Making Concessions to Buyers

by Phil Hall | May 25, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

An increasing number of home sellers are making concessions to lure buyers into purchasing their properties. According to new data from Redfin (NASDAQ:RDFN), 42.9% of home sales during the three months ending April 30 involved seller concessions, up from 25.5% one...
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