Tag Archives: demand

Weak demand drives up share of homesellers cutting prices

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The typical home sold for 0.3 percent less than the original asking price in the past month, according to a new report from Redfin. Continue reading →

Redfin CEO: Adjustable-rate loans may push sellers off the sidelines

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In an interview with CNBC on Wednesday, Redfin CEO Glenn Kelman laid out some of the variables that might begin to unlock home inventory in the years to come, including adjustable rate resets. Continue reading →

Home sales see typical boost in May to close a sluggish spring

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The National Association of Realtors recorded 408,000 sales of existing homes in May. Before the pandemic, that number was closer to 530,000. Continue reading →

Agent Outlook: Life events will still drive home sales, you can hang your hat on it

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The market may be slowing in some areas, but it will not come to a complete halt. Eric Forney of Livian shares this week’s market insights and says that life events will keep consumers buying Continue reading →

Does a jump in demand fully explain the pandemic housing market?

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A new report from the Fed suggests it was spiking demand, not a lack of homes for sale, that sent prices skyrocketing over the past two years. Continue reading →

What are the odds of a housing bubble? 114 experts weigh in

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More than 100 housing experts surveyed by Zillow generally agreed that housing prices won’t face a big downturn. But a mild recession may be in play later this year or in 2023, they believe. Continue reading →

Mortgage rates surge to 5% as era of the ultra-cheap loan begins to fade

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After hovering near 3 percent for nearly two years, mortgage rates have rebounded faster than expected. But amid uncertainty, economists are divided on whether 5 percent rates are here to stay. Continue reading →

Investors will lead home sales for foreseeable future: Study

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John Burns Real Estate Consulting’s new Resale Housing Market Index report reveals how buyers are struggling to beat investors in a frenzied market. Continue reading →

Bubble trouble: How agents are managing client anxiety amid bubble talk

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Today’s crazy market conditions are forcing agents to have sometimes-challenging conversations about what a bubble is and what might happen in a correction. Continue reading →

Will rising mortgage rates affect appetite for homebuying?

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Vaccinations and stimulus measures are fueling optimism for an epic economic rebound, and there are other factors at play. Here is a look at how the housing market has fared over the past year and what to expect. Continue reading →