Rising mortgage rates, booming home prices and scant inventory are pushing homebuyers to quicken their plans, according to Redfin's latest market report, released Friday
15 percent of homesellers dropped their asking price during the four-week period ending May 1, compared to nine percent of sellers last year
New data from Redfin shows the market in March was slightly less brutal than one month prior
Nearly 4% fewer homes sold in March than did the month before, after accounting for seasonal factors. Prices rose by 6%, the largest monthly price increase since 2013
32% of renters surveyed in a poll conducted by Redfin say they rent because they can't afford to buy a home, while 45% said debt was the main factor keeping them from homeownership
As mortgage rates inched higher, demand for second homes dropped precipitously in February, hitting its lowest level in nearly two years, according to data released Tuesday from Redfin
In 2021, the typical American homeowner stayed in his or her home for 13.2 years, in part due to the ongoing inventory shortage, according to data released Wednesday by Redfin
70% of home offers handled by Redfin agents faced bidding wars, up from 67.1% in December 2021 and 60% in January 2021, the highest rate since Redfin began tracking the data in April 2020
If mortgage rates rise to 3.9% by the end of 2022, homes valued above $383,000 would fall out of reach for the typical American couple on a $2K monthly mortgage budget, according to Redfin
Nearly 1 in 4 people planning to buy a home in the next 12 months set aside stimulus money for the transaction, a Redfin survey shows
Intense competition appears to have driven down average buyers' agent commissions last fall to their lowest point since at least 2017
The total value of homes in Austin grew nearly 40% in 2021, while home values across the United States grew by about 19%. Cape Coral trailed Austin with a 36.9% surge in home values
Sales of homes on the lowest end of the price spectrum increased 11.3 percent year over year in the fourth quarter, according to Redfin
Generation X is smaller than the cohorts that came both before and after. But the group is also in its prime earning and homebuying years now, meaning it's a force to be reckoned with
Generation Z includes people now in their 20s and teens. They're young, but beginning to buy houses and poised to become a major force in the near future.