US housing markets considered 'overvalued' quadrupled in 2022
Median home sale prices exceed the house-buying power of would-be buyers in 19 of 50 markets, according to data released Tuesday by First American Financial Corp.
by Matt Carter Sep 28
Mortgage demand stalls as rates climb toward 7% on Fed moves
Rates for borrowers with credit scores below 680 making down payments of less than 20 percent climbed past 7% on Monday, according to Optimal Blue
by Matt Carter Sep 28
Deals will hinge on negotiations this fall. Here's how buyers' agents win
'There was no negotiation over the last couple of years,' Max Stokes of Compass says. But that's beginning to change — gradually. With a few tips, buyers can prevail at the negotiating table
by Lillian Dickerson Sep 28
Homebuyers/sellers wanting to live in legal abortion states spikes to 19%
As states' laws on subjects like abortion rights and gender-affirming care for children have changed in the last year, consumers take a harder stance this year on where they consider living
by Lillian Dickerson Sep 27
The pandemic-era home price boom has ended — and now we know when
Two major estimates of home prices now concur: The uninterrupted string of monthly increases came to an end this July, according to new data released Tuesday from CoreLogic and the FHFA
by Daniel Houston Sep 27
Should you invest in real estate in 2022 as a new investor?
How does real estate stack up to other investments as a hedge against inflation and a long-term plan for wealth-building?
by Jeff Roth Sep 27
New-home sales soar 28.8%
Sales of new single family homes clocked in at a seasonally adjusted annual rate of 685,000 in August, up from 532,000 in July, according to new US Census data released Tuesday
by Ben Verde Sep 27
Moody's says odds of recession have risen to 'uncomfortably high' 59.5%
Investors who fund mortgages are demanding unusually high premiums in comparison to government bonds, out of fears the loans they make now could quickly be refinanced if rates drop
by Matt Carter Sep 27
Homebuyers in these US cities are backing out of deals at a higher rate
Phoenix, Las Vegas, Tampa and Austin attracted homebuyers at a higher rate during the height of the pandemic. But according to Redfin, those same Sun Belt cities are now cooling the fastest
by Ben Verde Sep 26
Agent Outlook: Life events will still drive home sales, you can hang your hat on it
Opinion
The market may be slowing in some areas, but it will not come to a complete halt. Eric Forney of Livian shares this week's market insights and says that life events will keep consumers buying
by Eric Forney Sep 26
Mortgage rates hit new 2022 high in bond market selloff
Investors fear ongoing moves by the Fed and other central banks to raise short-term interest rates to fight inflation could ultimately lead to a recession
by Matt Carter Sep 23
Bidding wars fall to lowest level of pandemic as mortgage rates inch up
Only 44.6 percent of offers written by Redfin agents in August faced competition, the lowest rate since April of 2020, according to new data released Friday
by Ben Verde Sep 23
This is not a drill: A new, unfriendly housing market is already here
Opinion
The housing market is the last sneaker to drop in the sagging economy. Real estate was in a lucky place during the pandemic, but in the last few months, it has gone over to the dark side
by Brad Inman Sep 23
10 strategies to rescue clients from buyer’s remorse
Opinion
Keeping buyers positive in the face of challenges starts before the transaction even begins and continues all the way to the closing table
by Bernice Ross Sep 23
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
by Daniel Houston Sep 22
Redfin launches in Hilton Head, South Carolina
In addition to its market expansion, the Seattle-headquartered brokerage also announced that its listing search coverage now encompasses 95% of the US population
by Lillian Dickerson Sep 22