Tag Archives: Markets & Economy

Seller’s market? Buyer’s market? The pendulum is swinging

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Homes are still selling, but the ongoing market shift is giving homebuyers more and more leverage everyday, agents and economists told Inman this week. Continue reading →

The typical home is lingering on the market a little longer than last year

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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 →

Most Americans think now is the time to buy homes. Here’s their logic

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Out of 1,000 homeowners and 1,000 renters participating, 56 percent or six of every 10 Americans think “right now” is a great time to buy a home, according to OnePoll on behalf of mortgage lender Lower. Continue reading →

Half of Redfin home offers now face no competing bids, new report says

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In the month of June, just under 50 percent of home offers written by its agents faced competition on a seasonally-adjusted basis, the lowest rate in over two years, the brokerage reported. Continue reading →

Home sales fall for 5th month as median prices hit record high

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Sales of existing homes ticked down 5.4 percent between May and June, falling 14.2 percent from a year ago, as median prices rose to $416,000, according to the National Association of Realtors. Continue reading →

Affordable where? Fed efforts to cool the market still don’t create affordable housing

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Although the Fed’s move to calm the market is a step in the right direction, it may not ultimately have much effect on affordability. Anthony West outlines the factors that are contributing to ongoing home value increases. Continue reading →

‘Storm of rising costs’ is giving some persistent homebuyers an edge

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Despite its balancing out, the market remains far from homebuyer-friendly with buyers paying 75 percent more on the typical mortgage payments than in 2019, according to Zillow. Continue reading →

Inflation hits migration hotspots hardest, new study says

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Q2 Consumer price growth exceeded 10 percent year-over-year in Phoenix, Atlanta, Miami and Tampa — each of which had among the nation’s strongest net inflow of interest in moving. Continue reading →

The 10 most stable housing markets in the United States, ranked

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The U.S. housing market and economy at large have endured a blizzard of rising home prices and climbing mortgage rates. But take shelter from the storm with these financially sound markets. Continue reading →