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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...
Q2 Investor Home Purchases Down 45% from One Year Earlier

Q2 Investor Home Purchases Down 45% from One Year Earlier

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

Fewer investors are putting their money into residential real estate, according to new data from Redfin (NASDAQ:RDFN). During the second quarter, Redfin determined that investor home purchases were down 45% from one year ago – in comparison, overall home sales were...
New Construction Accounts for One-Third of Listed Single-Family Homes

New Construction Accounts for One-Third of Listed Single-Family Homes

by Phil Hall | Aug 17, 2023 | Real Estate News, U.S. Housing Market, WRE News Exclusive

Newly built homes accounted for roughly one-third (31.4%) of single-family homes on the market in the second quarter, according to a study from Redfin (NASDAQ:RDFN). This is highest share for any second quarter since Redfin began tracking data. The portion of new...
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