Rising home prices and mortgage rates, and sticker shock from surprise housing costs, pushed buyers to cancel 56K home-purchase agreements in June, according to Redfin
Demand for some of the most exclusive luxuries remains, even as the city of San Francisco itself grapples with plunging home prices and an all-time high in office vacancies
As the market shifts, so are homesellers' tactics. Nearly half of sellers offered concessions or price cuts during the beginning of the year, a reverse of years of bidding wars
Wahlberg and his wife, Rhea Durham, initially listed the 30,500-square-foot property for $87.5M in April 2022 but dropped the ask by $8M after it sat on the market for several months
'Realistically in this market, this is what it's worth — it's priced to sell,' said Shawn Elliott of Nest Seekers, one of the agents who listed the 41,000-square-foot spec home last week
As prices and transaction volume both fell in Manhattan's market at large year over year, luxury properties priced at or above $10M still managed to perform well to close out 2022
Homebuyers searching for price cuts on search portals are sure to get lucky if they check on this specific day of the week and check back again after 3 weeks, according to a new analysis by Zillow
First-time homebuyers now make up 45% of all transactions, up from 37% of all buyers in 2021, returning to pre-pandemic levels, according to new data from Zillow released Thursday
In some of the nation's most quickly slowing housing markets, the number of new listings is twice the number of recent sales, according to an analysis by SmartAsset
As mortgage rates rose in recent weeks, so did home prices and purchase-loan applications. It's a strange time, a Redfin economist says
The slowdown in housing has been 'fastest slowing' on the West Coast, where prices in some markets have already fallen by 2 percent since July, according to a new analysis by Redfin
Nationally, more than 15% of homesellers dropped list prices in July across the 97 metro areas analyzed by Redfin, with Boise, Denver and Salt Lake City seeing the greatest share of cuts
'While July’s housing market data update is big news, and could get first-time buyers’ hopes up, the future is unlikely to bring meaningful improvement to housing affordability,' Zillow says
Despite national growth in sale prices, these markets that saw spikes in popularity and price over the past 2 years are starting to see the most price reductions, data shows
More sellers dropped their asking prices in June almost everywhere in the US. In some places, more than half of homes for sale saw a cut