Supply of homes tally record uptick as property lingers on the market

The number of homes on the market increased 15 percent year over year during the four weeks ending Dec. 4, while new listings declined by 20 percent, according to new data released Thursday by Redfin. Continue reading

‘Great Reshuffling’ could impact elections in Arizona, Nevada: Redfin

Redfin data shows that Arizona and Nevada were the second and third most popular states respectively for people moving away from California in 2020. Continue reading

Amid COVID, Americans relocated to battleground states in droves

As midterm elections approach, Zillow crunched housing data and found that enough Americans relocated to key counties in red and purple states in 2021 to potentially shift political leanings. Continue reading

Prices and rates are sky high! But what if my client NEEDS to move?

Despite mortgage rates near 7 percent and generationally high inflation, thousands of people still need to move in the next year and need help in navigating homebuying in the pricy market. Continue reading

US residential rent growth cools to slowest pace in more than a year

Median monthly rent in the largest metropolitan areas of the United States dropped for a second-straight month in September to $1,759, according to a report released Thursday by Realtor.com. Continue reading

Homebuyers show signs of pulling back as mortgage rates move again

Tour requests to Redfin agents fell 7 percent, and mortgage applications declined 13 percent during the week ending Oct. 1. “Mortgage rates well over 6% are spooking homebuyers,” Redfin says. Continue reading

Mortgage rates haven’t been this chaotic since Black Monday: Study

A buyer looking at $500,000 houses in July would have seen their potential monthly payment fall by $177 in August, then rise by $328 since. Continue reading

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

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