Rising interest rates and harsh winter weather have dampened homebuyer activity, leading to the biggest drop in pending sales since October. However, there’s optimism for a rebound as spring approaches, fueled by increasing home tours and new listings. Continue reading
Strategic migration, low inventory and a demand for larger spaces have also contributed to rising luxury prices, agents told Inman, depending on the specific market. Continue reading
The new “Sign and Save” program promises homebuyers a refund of 0.25 percent to 0.5 percent for signing a buyer agency agreement. Continue reading
A buyer with a monthly budget of $3,000 can now purchase a home worth approximately $453,000 — up from $416,000 in October when mortgage rates reached a record of 7.8 percent, according to Redfin. Continue reading
On Thursday, in conversation with Brad Inman at ICNY, Reffkin weighed in on the portal wars, predicted an improved market in 2024 and revealed he takes public transit around New York. Continue reading
Empty nest baby boomers own 28.2 percent of the large homes in the United States — twice as many as millennials with kids. Continue reading
Dan Troup will lead a company founded by brokerages and MLSs, which aims to build an alternative to big portals such as Zillow and Realtor.com. Continue reading
The mortgage lock-in effect that plunged the 2023 housing market into a deep freeze has finally started to thaw, according to a new Redfin market report published on Thursday. Continue reading
The median asking rent fell 0.8 percent year over year during the last month of 2023, according to a new report by Redfin, which attributes the fall to an increase in supply. Continue reading
After rates fell from October highs, homebuyers with a new mortgage are paying about $400 less each month. Still, there’s no buying spree — yet. Continue reading