Disappointing economic news hampers early spring market

Rising mortgage rates thwarted the first weeks of the spring market, according to a Redfin housing report published on Thursday. Homesellers pulled back during the four weeks ending March 31, leading new listing growth to experience the smallest annual… Continue reading

Rising rates and home prices stifle January market: Redfin

The Federal Reserve’s policy shift depressed homebuyer and homeseller activity in January, according to Redfin. Monthly new and active listing growth dropped to the lowest levels since last summer. Continue reading

Mortgage rates lead to biggest pending sales drop since October

Rising interest rates and harsh winter weather have dampened homebuyer activity, leading to the biggest drop in pending sales since October. However, there’s optimism for a rebound as spring approaches, fueled by increasing home tours and new listings. Continue reading

A recovery in new listings is easy to miss — but it may be underway

Winter is always slow, but new listings have been trending toward normal levels in recent months, according to a new Intel analysis of US homes for sale. Lower rates may only speed up the process. Continue reading

Rate drop leads to 3rd consecutive month of listing gains

Active and new listings experienced single-digit increases for the third consecutive month in January, according to Realtor.com’s latest market report. The boost in listings also brought buyers out, leading to a four-day decrease in the median days on… Continue reading

Luxury prices and cash buyers hit a new high to close out 2023

Strategic migration, low inventory and a demand for larger spaces have also contributed to rising luxury prices, agents told Inman, depending on the specific market. Continue reading

Buyers continue downward spiral, but new listings may be steadying

Homebuyers are backing away from the market as mortgage rates continue to climb. But new listings aren’t declining as quickly, Redfin reports. Continue reading

It’s the most perilous time of year to overprice a home: Opendoor

Nearly 1 in 4 homes that were overpriced at listing will end up being delisted in the slower fall months, according to a new report. Continue reading

New listings plummet 27%, marking biggest annual fall since pandemic

The number of new listings coming onto the market has plunged since June 2022, according to data released Thursday by Redfin. Transaction levels remain low even as home prices creep higher. Continue reading

The inventory recovery suffered a setback. Is it just temporary?

The housing downturn was supposed to bring the market back into balance between buyers and sellers. But recent inventory gains have stalled. Continue reading