Tag Archives: buyer demand

Median sales prices rise for 9th week despite slowing demand

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The median U.S. home sale price rose for the ninth consecutive week, hitting an all-time high of $397,482 during the four weeks ending July 7. A Redfin report published on Thursday said the upward climb in median sales prices contrasts with weakening h… Continue reading →

Gary Keller says ‘right now, real estate is in a recession’

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The real estate industry took a beating in 2023 — rising mortgage rates froze home sales, consumer sentiment slid to new lows, several landmark lawsuits threatened buyer-broker commissions, and the National Association of Realtors couldn’t keep itself … Continue reading →

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

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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 →

Gary Keller: A ‘rolling recession’ will hit the US housing market in 2024

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Keller Williams kicked off its Mega Agent Camp on Tuesday with remarks from Gary Keller, who warned of a “rolling recession” while predicting agents will survive treacherous economic terrain. Continue reading →

Compass CEO: Buyers will deal with higher rates. Sellers? Not so much

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During his latest CNBC appearance, Compass CEO Robert Reffkin outlined the catch-22 of higher mortgage rates and why early pandemic boomtowns are facing a devastating bust. Continue reading →

Total market value for US homes drops $2.3T from June: Redfin

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In its latest real estate market report on Wednesday, Redfin said the total market value for U.S. homes dropped $2.3 trillion from June to December 2022 — the largest six-month drop since the Great Recession. Continue reading →

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

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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 →

Existing-home sales drop for second month as buyer demand stalls

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Total existing-home sales dropped by 2.7% from February 2022 and by 4.5% from March 2021 to a seasonally adjusted annual rate of 5.77 million, according to the National Association of Realtors. Continue reading →

US home sales prices hit another all-time high, leaving buyers in the dust

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A new report released Wednesday by Redfin painted a bleak picture for homebuyers already fatigued by a tough market. Continue reading →