In the first quarter of the year, 44.4% of homesellers included concessions in their deals, just shy of the record 45.1% seen at the start of 2023, according to new data released Monday by Redfin
As of March, the typical US home took 47 days to sell, the longest stretch in 6 years. Those longer stretches on the market tend to discourage competition, a Redfin report found
The Pending Home Sales Index (PHSI) rose by 2.0% to 72.0 in February, according to new data released Thursday by NAR. But contract signings fell 3.6% compared to last year
Early results from February's Intel Index survey show agents pulling back slightly from confidence they had in recent months about buyer and seller client pipelines improving in the next year
The Pending Home Sales Index (PHSI), which tracks home sales based on contract signings, dropped 4.6% to 70.6 in January, marking an all-time low, according to NAR data
The Pending Home Sales Index (PHSI), which tracks contract signings as a measure of future home sales, fell 5.5% to 74.2 in December, according to data released Thursday by NAR
Persistent market headwinds resulted in a slow beginning to the year, according to Redfin. The typical days on market reached 54 days this month — the slowest pace since 2020
Homebuyers began the new year with more home tours; however, Redfin says elevated mortgage rates have stopped them from signing contracts
Driven by an improved housing inventory, pending home sales rose modestly in October, marking its third-consecutive monthly increase, according to data released on Wednesday by NAR
Windermere’s Principal Economist Jeff Tucker looks at how recent events have impacted the October jobs report and what it means for the economy
Easing mortgage rates and increased inventory in September undercut buyer anxiety from the previous months, leading to a 7.6 percent month over month increase in contract signings.
Buyer anxiety around prices and the election precipitated the fall as the National Association of Realtors' Pending Home Sales Index declined 5.5%, to 70.2, the lowest index reading in 23 years
The latest adjustment marks the lowest a typical payment has been in 6 months — and, with a mere 1% month-over-month increase, the smallest uptick in 5 years, according to a Redfin analysis
A surprise drop in mortgage rates got homebuyers off the sidelines and into home tours. However, affordability and recessionary concerns have kept buyers from making purchases
Despite an improvement in housing affordability, property sales continue to decline. Pending home sales dropped 5.7% YOY, Redfin reported Thursday