Rising mortgage rates, booming home prices and scant inventory are pushing homebuyers to quicken their plans, according to Redfin’s latest market report. Source: Inman News
Posts published in “Daryl Fairweather”
Nearly 4 percent fewer homes sold in March than did the month before, after accounting for seasonal factors. Prices rose by 6 percent, the largest…
Thirty-two percent of renters surveyed in a poll conducted by Redfin say they rent because they can’t afford to buy a home, while 45 percent…
As mortgage rates inched higher, demand for second homes dropped precipitously in February, hitting its lowest level in nearly two years, according to Redfin data…
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…
Seventy percent of home offers handled by Redfin agents faced bidding wars, up from 67.1 percent in December 2021 and 60 percent in January 2021,…
If mortgage rates rise to 3.9 percent by the end of 2022, homes valued above $383,000 would fall out of reach for the typical American…
Nearly one in four people planning to buy a home in the next 12 months set aside stimulus money for the transaction, a Redfin survey…