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Monthly Mortgage Payment Average Continues to Decline

Monthly Mortgage Payment Average Continues to Decline

by Phil Hall | Nov 30, 2023 | Current News & Events, Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

Housing payments have declined for the fifth week in a row, according to new data from Redfin (NASDAQ:RDFN) that found the average homebuyer’s monthly mortgage payment was $2,575 during the four weeks ending Nov. 26, down $164 from a peak of $2,739 last month but up...
More Than One-Third of Homebuyers Received Concessions from Sellers

More Than One-Third of Homebuyers Received Concessions from Sellers

by Phil Hall | Nov 14, 2023 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

More than one-third of homebuyers (35%) received concessions from sellers during the three-month period ending Oct. 31, according to a new data report from Redfin (NASDAQ:RDFN). While that is roughly equal from the 35.9% share recorded one year ago, it is also up from...
Q3 Investor Home Purchases at 7-Year Low

Q3 Investor Home Purchases at 7-Year Low

by Phil Hall | Nov 9, 2023 | Current News & Events, Real Estate Investing, Real Estate News, WRE News Exclusive

Investor purchases of residential properties plummeted by 29.7% year-over-year during the third quarter, according to new data from Redfin (NASDAQ:RDFN). Investors purchased 48,667 homes between July and September, or 15.9% of all homes sold during that period, the...
More Than One-Third of Homebuyers Received Concessions from Sellers

Nearly 7% of Homes for Sale Posted a Price Drop

by Phil Hall | Nov 3, 2023 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Nearly 7% of U.S. homes listed for sale posted a price drop during the four weeks ending Oct. 29, on average, according to new data from Redfin (NASDAQ:RDFN). This percentage is the highest on record, and Redfin attributed this to elevated mortgage rates, which has...
Nearly One-Third of Q3 Homes for Sale Were New Construction

Nearly One-Third of Q3 Homes for Sale Were New Construction

by Phil Hall | Nov 1, 2023 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Nearly one-third of single-family homes for sale during the third quarter were new construction, according to data published by Redfin (NASDAQ:RDFN). The 30.6% share is the highest of any third quarter on record. This is up from 28.9% one year ago and 25% two years...
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