U.S. Housing Market
Report: Sales of Newly Built Homes at 4-Year Low
“Builders are hesitant to start new projects because in today’s buyer’s market, it doesn’t make financial sense,” said Jesse Landin, a Redfin Premier agent in San Antonio. Continue Reading Report: Sales of Newly Built Homes at 4-Year Low
Mortgage Application Activity Rebounds After 4 Weeks in Decline
The Refinance Index increased by 9% and was also 111% higher than the same week one year ago. Continue Reading Mortgage Application Activity Rebounds After 4 Weeks in Decline
New Jersey’s Bergen County to Put Property Deeds on Blockchain Network
This endeavor will impact the property record management for 370,000 property deeds representing roughly $240 billion worth of real estate in 70 municipalities. Continue Reading New Jersey’s Bergen County to Put Property Deeds on Blockchain Network
Pending Home Sales Down 6.3% in April
All four regions recorded a month-over-month loss in transactions. Continue Reading Pending Home Sales Down 6.3% in April
Data Reports Affirm Housing Supply Outpaces Demands
“The balance of power in the US housing market has shifted toward buyers,” said Redfin Senior Economist Asad Khan. Continue Reading Data Reports Affirm Housing Supply Outpaces Demands
Ten US Housing Markets That are Cooling the Fastest
Source: Globe Street --- As the US housing market continues to cool, Seattle has the dubious distinction of slowing faster than any other city in the country, according to an analysis by Redfin that ranked the most populous US metropolitan areas according to the...
Housing Market Potential Increases for First Time in Nearly a Year, According to First American Potential Home Sales Model
Source: Business Wire --- SANTA ANA, Calif.--(BUSINESS WIRE)--First American Financial Corporation (NYSE: FAF), a premier provider of title, settlement and risk solutions for real estate transactions and the leader in the digital transformation of its industry, today...
Mortgage customers fear unaffordable repayments due to rate hikes
Source: Mortgage Introducer --- With another interest rate hike expected this week, a third of mortgage customers in the UK said that rising rates have made repayments unaffordable for them. Commissioned by Butterfield Mortgages, an independent survey of 2,000 UK...
Redfin Reports A Record Share of Homebuyers Relocate, Driven By Moves Away From Expensive Coastal Areas
Source: Redfin --- SEATTLE--(BUSINESS WIRE)-- (NASDAQ: RDFN) — A record 33.9% of Redfin.com users nationwide looked to move from one metro to another in July and August, according to a new report from Redfin (www.redfin.com), the technology-powered real estate...
Home prices keep rising amid a seller’s housing market. So why has new homebuilding hit a crawl?
Source: USA Today --- By many accounts, we are still in a seller’s market. Home prices continue to rise in nearly all of the U.S. even as mortgage rates climb ever higher. Inventory levels – typically used by housing economists to gauge whether the market is favoring...
Is a housing market crash on the way in 2022?
Source: AZ Big Media --- Last year was anything but normal — especially in Arizona’s residential real estate market. Median sale prices rose in Phoenix from $325,000 in January 2021 to $404,300 by October, a 24.4% increase, according to real estate website Redfin....
What buyers and sellers need to know for a real estate recession
Source: Fox 5 Atlanta --- By now, you've probably heard that the economy is not in great shape. Inflation is at a 40-year high, interest rates have doubled since early this year, and real estate prices have literally gone through the roof. But what does this all mean...
“Bank of Mom and Dad” Increasingly Turning to Reverse Mortgages for Downpayment Gifts
Source: Storeys --- The “Bank of Mom and Dad” — older homeowners who dip into their own wealth to help their Millennial-aged kids rustle up a home downpayment — has long been a presence in Canada’s housing market. In fact, according to the Toronto Regional Real Estate...
Will Mortgages Get Less Expensive in 2023?
Source: The Motley Fool --- There's a reason so many potential home buyers have struggled to become property owners this year. Between limited inventory and soaring home prices, affordability issues and a lack of choices have forced many buyers to pause their...
Foreign Investors Continue to Seek Stability in U.S. Real Estate
Source: Wealth Management --- While inflation and geopolitical instability continue to create challenges for investors, they have also increased the attractiveness of U.S. commercial real estate as a “safe haven” for capital. Global investors today face goods news and...
