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...
Home insurance policy premiums increased by an average of 21% between May 2022 and May 2023, according to a study released by the insurtech platform Policygenius. In comparison, the premium increase from the previous 12-month period (May 2021 to May 2022) was only...
Roughly one-third of Americans are citing housing costs as the economic issue that worries them the most, according to a new Quinnipiac University poll. In a survey of 1,910 adults polled between Sept. 7-11, roughly half of respondents (49%) said the price of gas and...
A new platform that promises buyers the ability to purchase a home with a mortgage as low as 2% has begun operations. The start-up Roam uses the mortgage assumption process where the buyer will take over (or assume) the existing mortgage terms from the seller. All...
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...
One in Five Sellers Cut Prices as Buyer Demand Retreats
