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Tag Archives: Homebuyers

CA and NY Exit Rate on the Rise

While Texas remains a popular migration destination for Californians, California had the most people interested in moving to Washington, D.C., a change of pace from usually warmer climates.

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Homebuyers Retreat As Mortgage Rates Jump

As mortgage rates climb toward 7%, the decline in new listings of homes for sale has slowed since December. A new Redfin report examines why many homebuyers continue to pull back from their home search.

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Borrowers Utilizing Rate Buydowns Trends Upward

According to new data from Optimal Blue, rate lock data showed moderate signs of an early-January rebound in purchase locks, while refis remain constrained despite a full percentage point rate decline since its October 2022 peak.

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High Housing Costs Drove Relocation in 2022

As homebuyers nationwide face inflationary home prices, those who purchased a home relocated at an unprecedented rate in Q4, as elevated mortgage rates and economic uncertainty drove many homebuyers to more affordable areas.

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New Listings Wane as Homes Linger on Market

The RE/MAX National Housing Report revealed new listings recorded the largest month-to-month decline in December 2022, while markets with the biggest decrease in year-over-year new listing percentages were found in Sunbelt cities such as Las Vegas and Los Angeles.

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