62% of homeowners support low-income housing in their neighborhood
According to Redfin's latest survey, a majority of Americans embrace low-income developments in their neighborhood; however, concerns still abound
by Marian McPherson Oct 22
Sales of homes in the Hamptons priced above $5M skyrocket 291%
The median sales price in the beachfront community surged 40%, to $1.2M, compared to the same time last year, according to a new report from brokerage Douglas Elliman
by Lillian Dickerson Oct 22
Inventory hits record low
As year-over-year existing-home sales soared 21% in September, inventory dropped to a 2.7-month supply, according to data released Thursday by the National Association of Realtors
by Patrick Kearns Oct 22
Home price gains continue to climb in third quarter
A new report from Attom Data Solutions found that 77% of metros analyzed posted double-digit annual home price gains
by Lillian Dickerson Oct 21
Mortgage purchases forecasted to set a record in 2021
The Mortgage Bankers Association on Wednesday predicted that purchase origination volume would grow 8.5 percent year over year to a new record of $1.54 trillion in 2021
by Patrick Kearns Oct 21
Could COVID-fueled mass migration impact the presidential election?
People moving from California to Nevada and Arizona is leading to a surge in registered Democrats in both states, according to a study released Tuesday by Redfin
by Patrick Kearns Oct 20
Spurred by builder confidence, housing starts rally in September
Privately owned housing starts rose to a seasonally adjusted annual rate of 1.41M, up 1.9% from an August estimate, according to data released Tuesday by the US Census Bureau
by Lillian Dickerson Oct 20
Single-family rent prices on the rise again: CoreLogic
In August, rent prices rose 2.1% across the US, the first time prices rose more than 2% since the start of the pandemic
Beyond the headlines: 83% of consumers not worried about job loss
Opinion
Looking for a little clarity on this week's news? Windermere Chief Economist Matthew Gardner digs into the numbers of the latest Home Purchase Sentiment Index
by Matthew Gardner Oct 20
Affordability trumps wildfire risk for homeowners on West Coast
According to Redfin's latest study, homebuyers are choosing affordable areas with higher wildfire risk as demand and home prices heat up in low-risk areas
by Marian McPherson Oct 19
September was a record-breaking month for prices, sales and speed
Rising home prices, increasing sales and fewer days on market characterized a historic September in the United States, according to a report issued Monday by Redfin
by Lillian Dickerson Oct 19
These 10 cities are tailor-made for first-time homebuyers
By looking at factors such as payment-to-income ratios, a new report from SmartAsset finds that smaller cities within driving distance of a major urban center fare the best overall
32M missed mortgage, rent or student loan payments in September
The number of renters and homeowners able to make payments during the third quarter of 2020 improved slightly from the second quarter, but remained relatively high overall, according to the Mortgage Bankers Association's Research Institute for Housing America
by Lillian Dickerson Oct 16
Soaring home values reminiscent of recovery from recession: Zillow
Typical home value rose to $260K in September, a remarkable growth rate that includes the largest month-over-month increase in 15 years and the largest quarterly growth in 7 years
by Patrick Kearns Oct 16
Metros with lower rent have been most resilient amid pandemic
Metros with lower rental prices, including the Inland Empire and Sacramento in California, have been the most resilient, according to a new report by Yardi Matrix
by Lillian Dickerson Oct 15
Will low inventory plus high demand snowball this winter?
Today, the market remains red hot as summer, but unfortunately, the industry might be celebrating too soon. Here's why this winter might bring a very different and cold reality
by Chris Drayer Oct 15