Tag Archives: home sales

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 →

Home sales tend to rise after big elections. Can it happen in 2025?

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Keeping Current Matters’ David Childers and Jimmy Burgess crunch the numbers and lay out the reasons real estate agents and brokers could see a post-presidential election sales surge in 2025. Continue reading →

More listings, lower rates should boost 2025 sales: Fannie Mae

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Fannie Mae on Friday slashed its 2024 forecast as a result of weak spring home sales, but listings are returning to the market and mortgage rates look poised to drop, according to new projections. Continue reading →

Locked & Loaded: How the lock-in effect is impacting US consumers

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Homeowners with at least a 5 percent mortgage rate are three times more likely to enter the market soon as those with a sub-3.5 percent rate, according to results from Inman-Dig Insights’ latest consumer poll. Continue reading →

Mortgage rates are bouncing back, and homebuyers don’t like it

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As rates on conventional mortgages head back above 7 percent, homebuyer demand for purchase loans is wilting, with applications dropping for a third week in a row last week, according to an MBA survey. Continue reading →

Compass CEO Robert Reffkin says the luxury market is back

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The luxury market is back. That was Compass co-founder and CEO Robert Reffkin’s primary message during his latest appearance on CNBC’s “Squawk on the Street,” where he talked about home price trends, mortgage rates, and stock market ebbs and flows. Continue reading →

Inside the lock-in effect: Cheap mortgages weigh on US consumers

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Homeowners with at least a 5 percent mortgage rate are three times more likely to enter the market soon as those with a sub-3.5 percent rate, according to results from Inman-Dig Insights’ latest consumer poll. Continue reading →

Redfin CEO trying not to ‘count chickens’ after solid Q1 earnings

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A solid Q1 earnings report has Redfin CEO Glenn Kelman feeling confident. However, persistent market headwinds are keeping the CEO from being too bullish. Continue reading →

Existing-home sales drop in March as high rates stun homebuyers

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Existing-home sales retreated 4.3 percent between February and March to a seasonally adjusted annual rate of 4.19 million, according to data released Thursday by the National Association of Realtors. Continue reading →

Fannie Mae no longer expects mortgage rates to drop below 6%

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The recent surge in mortgage rates could take some air out of a projected rebound in 2024 home sales, with deals driven mostly by households who can no longer put off their moves due to life events. Continue reading →