Real Estate

A new report from Redfin revealed 4% fewer homebuyers looked to move within their own metro area than a year earlier, as homebuyers looking to relocate to a new metro fell 3.6% year-over-year in February.

As the summer buying season approaches, the National Association of Realtors expects pending home sales numbers to make further incremental increases this year.

"The events of the past few years have made homebuyers more deliberate about what a home should offer them," said Nick Bailey, RE/MAX President and CEO.

The S&P Dow Jones Indices has released its latest S&P CoreLogic Case-Shiller Indices, which found that in January 2023 the trend of declining home price gains continued across the United States as major cities.

According to a new study from the National Association of Realtors, the share of baby boomers has surpassed millennials across the U.S., now making up the largest generation of homebuyers nationwide.

The share of U.S. homes worth at least $1 million slipped to 7% from 8.6% in June, according to a new report from Redfin, as inflated mortgage rates continue to cool the housing market.

A new report from Redfin revealed Seattle, San Jose, Austin, and Phoenix are among the metros with the fastest-slowing housing markets as high mortgage rates, tech turmoil, and the lack of homes for sale deter homebuyers.

According to a new report form the Joint Center of Housing Studies, households of color are disproportionately excluded from the many potential financial and social benefits of homeownership, representing the persistently wide homeownership rate gaps between Black, Hispanic, and white households.

“People across the Unites States continue to feel the squeeze from higher housing costs, but the impact is uneven between regions,” said Anna Zhou, Economist for Bank of America Institute.

“Inflation has now been joined by financial stability concerns as threats to sustained growth,” said Doug Duncan, SVP and Chief Economist for Fannie Mae.