The number of new listings coming onto the market has plunged since June 2022, according to data released Thursday by Redfin. Transaction levels remain low even as home prices creep higher. Continue reading
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
The number of homes for sale in the United States fell 7.1 percent year over year to 1.4 million on a seasonally adjusted basis, according to Redfin. Continue reading
New listings dropped 23 percent year over year, pulling the number of homes on the market down 39 percent compared to the same period five years ago, according to an analysis by Redfin issued Thursday. Continue reading
The housing downturn was supposed to bring the market back into balance between buyers and sellers. But recent inventory gains have stalled. Continue reading
Requests for purchase loans were down last week by 31 percent from a year ago as rates rose to new 2023 highs and homes remained scarce in many markets, according to the MBA’s Weekly Mortgage Applications Survey. Continue reading
The median U.S. home sale price fell 4.1 percent or $17,603 year over year to $408,031 between April 2022 and April 2023, according to a new report from Redfin. Continue reading
At the Realtors Legislative Meetings’ Residential Economic Issues and Trends Forum, Lawrence Yun predicted total home sales would bottom out this year before ticking up in 2024. Continue reading
From negative effects on the supply chain to confidence in the market, major union strikes like the WGA strike and others before it can have a palpable impact on the real estate industry. Continue reading
Homes in the lower tier of pricing are still 8 percent more expensive than at this time last year — and inventory has barely budged, according to a new analysis released Thursday by Zillow. Continue reading