Tag Archives: Taylor Marr

Investor rush into short-term rentals is outpacing demand

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Average daily rates, nights booked and revenue are all up, according to new data. And investors are bringing short-term rentals online faster than guests can book them. Continue reading →

When will buyers quit canceling contracts? Not yet, apparently

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More buyers have been backing out of deals than at any time since the early weeks of the pandemic. And in July, that share ticked up again, according to a new report from Redfin. Continue reading →

New listings drop 12%, the largest decline in more than 2 years

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“Buyers are backing off due to rising housing costs and sellers are holding back because they realize they won’t get the bidding war they would have gotten six months ago,” said Redfin Deputy Chief Economist Taylor Marr. Continue reading →

Stalemate: Listings are lingering a little longer as housing market cools

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The share of homes listed for 30 days or longer increased 12.5 percent in July compared to a year earlier, with 61.2 percent of homes now sitting on the market for a month or longer, according to Redfin. Continue reading →

Homebuyer activity shows pulse as mortgage rates dip below 5%

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Redfin’s Homebuyer Demand Index rose 7 points during the last week of July, while mortgage purchase applications rose for the first time in five weeks, according to new data released Monday. Continue reading →

Buyer interest creeps upward as mortgage rates inch down

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Redfin’s Homebuyer Demand Index increased 15 points since June 15, reversing 10 straight weeks of decreasing demand that started in mid-April. 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 →

Does a jump in demand fully explain the pandemic housing market?

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A new report from the Fed suggests it was spiking demand, not a lack of homes for sale, that sent prices skyrocketing over the past two years. Continue reading →

Demand for vacation homes slips below pre-pandemic levels

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Mortgage locks for second homes fell 4 percent from pre-pandemic levels in May as mortgage rates rose to nearly 6 percent and the housing market continued to cool, according to data issued Friday by Redfin. Continue reading →

The seller’s iron grip loosens as bidding wars ease, price cuts rise

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The slowing demand for homes is affecting the balance of power between buyers and sellers, according to two new reports from Redfin. Continue reading →