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26% of US Homebuyers Seeking to Relocate Elsewhere in the Nation

26% of US Homebuyers Seeking to Relocate Elsewhere in the Nation

by Phil Hall | Sep 26, 2023 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Slightly more than one-quarter of homebuyers (26%) are looking to move to a different part of the country, according to new data from Redfin (NASDAQ:RDFN). This share is up from 24% one year ago and roughly 19% from the pre-pandemic era, and it also represents a...
60,000 Home Purchase Agreements in August Were Canceled

60,000 Home Purchase Agreements in August Were Canceled

by Phil Hall | Sep 15, 2023 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

There is a surplus of second thoughts and cold feet in the housing market: Nearly 60,000 home purchase agreements were canceled in August, which is equal to 15.7% of homes that went under contract that month. According to new data from Redfin (NASDAQ:RDFN), August’s...
Mortgage-Rate Locks for Second Homes Down 19%

Mortgage-Rate Locks for Second Homes Down 19%

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

Second homes continue to lose their appeal in the post-pandemic era, according to new data from Redfin (NASDAQ:RDFN), with mortgage-rate locks for second homes down 19% year-over-year in August, compared to the 14% decline for primary homes. When measured against the...
Study: Social and Economic Issues Influence People Planning to Move

Study: Social and Economic Issues Influence People Planning to Move

by Phil Hall | Sep 13, 2023 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Social and economic concerns are among the chief factors contributing to homeowners’ plans to sell and move, according to a new study released by Redfin (NASDAQ:RDFN). Nearly one in five (19.3%) respondents polled by Redfin who have plans to sell their home in the...
1 in 8 San Francisco Homeowners Lose Money in Sale

1 in 8 San Francisco Homeowners Lose Money in Sale

by Phil Hall | Sep 11, 2023 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A home seller in San Francisco is four times more likely to take a loss on their transaction compared to the average U.S. home seller, according to new data from Redfin (NASDAQ:RDFN) that determined the typical Bay Area seller sells their home for $100,000 less than...
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