Disappointing economic news hampers early spring market
Economic headwinds and a holiday weekend caused new listings and home tour requests to fall at the end of March, according to Redfin's report. The portal is still bullish on future spring activity
by Marian McPherson Apr 4
Rising rates and home prices stifle January market: Redfin
The Federal Reserve's policy shift depressed homebuyer and homeseller activity in January, according to Redfin. New and active listings both fell from December levels
by Marian McPherson Feb 16
Mortgage rates lead to biggest pending sales drop since October
A record one-day jump in mortgage rates on Feb. 2 pushed pending sales down 8 percent — the biggest decline since October, according to Redfin's latest market report
by Marian McPherson Feb 8
A recovery in new listings is easy to miss — but it may be underway
Winter is always slow, but new listings have been trending toward normal levels in recent months, according to a new Intel analysis of US homes for sale. Lower rates may only speed up the process
by Daniel Houston Feb 5
Rate drop leads to 3rd consecutive month of listing gains
Active and new listings experienced single-digit increases for the 3rd consecutive month in January, according to Realtor.com's latest market report
by Marian McPherson Feb 2
Luxury prices and cash buyers hit a new high to close out 2023
Strategic migration, low inventory and a demand for larger spaces have also contributed to rising luxury prices, agents told Inman, depending on the specific market
Buyers continue downward spiral, but new listings may be steadying
Homebuyers are backing away from the market as mortgage rates continue to climb. But new listings aren't declining as quickly, Redfin reports
by Daniel Houston Oct 19
It's the most perilous time of year to overprice a home: Opendoor
Nearly 1 in 4 homes that were overpriced at listing will end up being delisted in the slower fall months, according to a new report
by Daniel Houston Oct 5
New listings plummet 27%, marking biggest annual fall since pandemic
The number of new listings coming onto the market has plunged since June 2022, according to data released Thursday by Redfin. Transaction levels remain low even as home prices creep higher
by Daniel Houston Jun 29
The inventory recovery suffered a setback. Is it just temporary?
The housing downturn was supposed to bring the market back into balance between buyers and sellers. But recent inventory gains have stalled
by Daniel Houston Jun 14
Robert Reffkin: Sub-4% mortgages are 'handcuffs' for home inventory
In a Bloomberg Markets TV appearance, the top boss at Compass said homeowners are treating a 3% mortgage rate 'as a financial asset' — at least for now
by Daniel Houston Jun 8
Listing shortages kept prices from falling in Q1: Fannie Mae
Mortgage giant's quarterly Home Price Index shows national home prices were up 1% during the first quarter of 2023 compared to the final 3 months of 2022
by Matt Carter Apr 18
Pandemic-fueled 'lock-in effect' likely to limit new spring listings
Black Knight data shows new listing volume down 25% in January compared to pre-pandemic levels, the biggest drop since most of the country was in lockdown
by Matt Carter Mar 6
Monthly payments drop $300 and some homebuyers wade back in
As home price growth has slowed, mortgage payments have decreased and days on market have risen, homebuyers dip their toes back into the market, according to a new report from Redfin
by Lillian Dickerson Dec 23
The 7-day home sale is a rarity again as market slowdown continues
The median home for sale is spending 45% longer on the market than it was at this time last year, according to Zillow's research team
by Daniel Houston Oct 31