Daryl Fairweather also said during her Yahoo Finance appearance that “demand is very weak” as both homebuyers and sellers take a breather from the housing market. Continue reading
Despite mortgage rates near 7 percent and generationally high inflation, thousands of people still need to move in the next year and need help in navigating homebuying in the pricy market. Continue reading
Luxury home sales in the U.S. dove by 28.1 percent year over year during the three months ending Aug. 31, 2022 — eclipsing the 23.2 percent drop in luxury sales at the height of the pandemic — Redfin data shows. Continue reading
The slowdown in housing has been swiftest on the West Coast, where prices in some markets have already fallen by 2 percent since July, according to a new analysis on Wednesday by Redfin. Continue reading
Buyers and sellers face a new reality where bidding wars will be rare, days on market lengthen and markets go from boom to bust (and bust to boom). But don’t fear — Inman has you covered. Continue reading
The average list-to-sale ratio clocked in under 100 percent for the first time since March 2021 in August, according to new data released Thursday by Redfin. Continue reading
The phrase “housing recession” has exploded in popularity, according to an analysis of search terms. But pinning down what it means and where it originated is surprisingly difficult, experts told Inman. Continue reading
Redfin said it expects rental growth to continue to slow, but markets with strong job growth and limited new housing construction will likely continue to experience large rent increases. Continue reading
Redfin’s Homebuyer Demand Index increased 15 points since June 15, reversing 10 straight weeks of decreasing demand that started in mid-April. Continue reading
U.S. homes, on average, spent 19 days on the market during the four weeks ending July 17, a full day longer than the same period in 2021, according to data released Thursday by Redfin. Continue reading