Falling list prices hit pandemic hot spots hardest, new Redfin study says

Nationally, more than 15 percent of homesellers dropped list prices in July across the 97 metro areas analyzed by Redfin, with Boise, Denver and Salt Lake City seeing the greatest share of cuts. Continue reading

After a decade of uninterrupted rise, Zestimates are dropping

“While July’s housing market data update is big news, and could get first-time buyers’ hopes up, the future is unlikely to bring meaningful improvement to housing affordability,” Zillow’s latest market report reads. Continue reading

‘Overvalued’ Western markets see biggest share of price reductions

Despite national growth in sale prices, these markets that saw spikes in popularity and price over the past two years are starting to see the most price reductions, data shows.  Continue reading

Are sellers aiming too high? Price cuts abound throughout the US

More sellers dropped their asking prices in June almost everywhere in the U.S. In some places, more than half of homes for sale saw a cut. Continue reading

Buyers now snapping up homes in 15 days despite latest wave of rate hikes

Rising mortgage rates, booming home prices and scant inventory are pushing homebuyers to quicken their plans, according to Redfin’s latest market report. Continue reading