Despite the slight rise in rates, homebuyer demand remains strong, according to Redfin Chief Economist Darryl Fairweather. Source: Inman News
Posts published in “Daryl Fairweather”
Low mortgage rates and a lack of inventory have created a highly competitive market. In San Jose, one homebuyer had to put 50 percent down…
More than 5 percent of homes were sold to iBuyers in Phoenix and Charlotte, the top two markets for the direct-buying platforms. Source: Inman News
2020’s housing market will be strikingly similar to 2019 as low mortgage rates bolster buyer demand amidst a persistent inventory shortage. Source: Inman News
The number of home offers to be fraught by bidding wars is down 20 percent year-over-year, according to a new Redfin study. Source: Inman News
“We expect to see red places in the middle of the country become redder and the blues bluer as the migration trends continue,” Redfin Chief…
Existing-home sales inched up 2.6 percent year-over-year in August, according to the latest data from the National Association of Realtors. Source: Inman News
Alexandria and Arlington, both in Virginia, boast the two most competitive markets in the country, above Grand Rapids, and Tacoma, according to Redfin. Source: Inman…
A new Redfin study reveals that 53 percent of buyers and sellers oppose high-density housing despite the fact it would significantly improve affordability. Source: Inman…
Fears about possible recession and burgeoning trade war are keeping luxury buyers at bay, says a new Redfin report. Other reports echo similar sentiments about…