Tag Archives: price cuts

A new normal, or a ‘new weird’? Home prices climb despite 6% rates

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As mortgage rates rose in recent weeks, so did home prices and purchase-loan applications. It’s a strange time, a Redfin economist says. Continue reading →

This is the ‘fastest-slowing’ housing market in the US, new data shows

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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 →

Falling list prices hit pandemic hot spots hardest, new Redfin study says

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Nationally, more than 15 percent of homesellers dropped list prices in July across the 97 metro areas analyzed by Redfin, with Boise, Denver and Salt Lake City seeing the greatest share of cuts. Continue reading →

After a decade of uninterrupted rise, Zestimates are dropping

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“While July’s housing market data update is big news, and could get first-time buyers’ hopes up, the future is unlikely to bring meaningful improvement to housing affordability,” Zillow’s latest market report reads. Continue reading →

‘Overvalued’ Western markets see biggest share of price reductions

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Despite national growth in sale prices, these markets that saw spikes in popularity and price over the past two years are starting to see the most price reductions, data shows.  Continue reading →

Are sellers aiming too high? Price cuts abound throughout the US

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More sellers dropped their asking prices in June almost everywhere in the U.S. In some places, more than half of homes for sale saw a cut. Continue reading →

Buyers now snapping up homes in 15 days despite latest wave of rate hikes

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Rising mortgage rates, booming home prices and scant inventory are pushing homebuyers to quicken their plans, according to Redfin’s latest market report. Continue reading →