Housing Market

FHFA House Price Index: Q1 2023 Reveals Record Highs and Regional Trends

The Federal Housing Finance Agency (FHFA) released its House Price Index (HPI®) for Q1 and March of 2023. House prices climbed 4.3% from Q1 2022 to Q1 2023. They also rose 0.5% compared to Q4 2022, while, on a monthly basis, they rose 0.6% from February.

June 2, 2023

Person holding a white chart with a downward line, coins stacked nearby, and a small house model on a desk.

Housing Market

Investor Home Purchases Fell by Almost 50% in Q1

A new report from Redfin shows an almost 50% annual drop in the number of investor home purchases in Q1 2023, outpacing the 40.7% annual drop in overall home purchases.

June 1, 2023

Harbor scene with yachts and a skyline at sunset; overlay text reads 'REDFIN Top 10 Destinations for Homebuyers on the Move'.

Housing Market

A Look at the Top 10 Popular Destinations for Homebuyers on the Move

A new Redfin report shows the share of Redfin.com users looking to relocate to different areas of the country fell 6% year over year—the biggest decline on record—compared to a 23% increase one year ago (April 2022). Within-metro moves fell 17% year over year.

May 31, 2023

Female host in a red dress sings to a cheering studio audience reaching out toward her.

Housing Market

Top 3 Reasons for an Increase in Seller Concessions

A new Redfin report shows 42.9% of home sales during the three months ending April 30 involved seller concessions—just under February’s record high of 45.6% and nearly double the 25.5% from April 2022.

May 31, 2023

Group of fashion models posing with raised fists under a highway overpass, wearing bold metallic and patterned outfits with props nearby.”

Housing Market

Women Make Up 54% of Luxury Homeowners Under 35

A new report from Luxury Portfolio International reveals that women make up 54% of luxury homeowners under the age of 35.

May 30, 2023

Graduates in black gowns throwing mortarboard caps in the air during an outdoor celebration at sunset/afternoon.

Housing Market

Top 5 Markets for College Grads in 2023

Zillow has ranked Colorado Springs, CO, at the #1 spot on their list of the top markets for college grads in 2023 for its relatively affordable rents, smaller population, and abundance of career opportunities.

May 29, 2023

Cartoon rabbit looking down and saying no, with bold NO text on a bright yellow background (conveys refusal)

Housing Market

Three Reasons Consumers Are NOT Overpaying on Homes

In last week’s Knowledge Brokers Podcast, George Ratiu addressed the homebuyer question, “Am I overpaying?” with three reasons why the most likely answer is “No.”

May 25, 2023

Top-down view of a person standing on a platform with bright yellow 'MIND THE GAP' warning text along the edge of the tracks.

Housing Market

Local Home Price Growth Variations Are at their Widest Since 2009

A new report from Redfin reveals how much home price growth varies by location, emphasizing the need to focus on local housing market trends. Home price growth variations hit a 30-year high in spring 2022 and still fluctuate more than before the pandemic.

May 24, 2023

Housing Market

Redfin’s Report Reveals Largest Annual Home Price Decline in Over a Decade—But Does the Data Tell the Whole Story?

A new report from Redfin shows the median home sale price dropping 4.1% ($17,603) year over year in April—the biggest annual drop in dollar terms and the steepest annual decline in percentage terms since January 2012.

May 24, 2023

Housing Market

Fannie Mae’s Revised Forecast Calls for a Mild Recession and Decline in Home Prices

Fannie Mae’s Economic and Strategic Research (ESR) Group released its revised forecast on May 19th. The group expects the U.S. to enter a mild recession later this year, along with a decrease in home prices.

May 23, 2023

A smiling man’s portrait centered on a collage of women’s faces and mathematical formulas in the background.

Housing Market

Demystifying The Numbers: George Ratiu’s Advice On Helping Sellers Locked In To Low Mortgage Rates

On last week’s Knowledge Brokers Podcast, KCM Chief Economist George Ratiu joined Byron Lazine, Tom Toole, and Lisa Chinatti to discuss, among other things, how agents can break down the math for sellers locked into lower mortgage rates.

May 23, 2023

Housing Market

NAR Reports Existing Home Sales Are Down, But Steve Harney Remains Optimistic About Opportunities

A new NAR report shows April existing home sales have dropped month over month by 3.4% and year over year by 23.2%. Inventory of unsold existing homes grew 7.2% month over month to 1.04M—equal to 2.9 months’ supply at the current monthly sales pace.

May 23, 2023

FHFA House Price Index: Q1 2023 Reveals Record Highs and Regional Trends

Investor Home Purchases Fell by Almost 50% in Q1

A Look at the Top 10 Popular Destinations for Homebuyers on the Move

Top 3 Reasons for an Increase in Seller Concessions

Women Make Up 54% of Luxury Homeowners Under 35

Top 5 Markets for College Grads in 2023

Three Reasons Consumers Are NOT Overpaying on Homes

Local Home Price Growth Variations Are at their Widest Since 2009

Redfin’s Report Reveals Largest Annual Home Price Decline in Over a Decade—But Does the Data Tell the Whole Story?

Fannie Mae’s Revised Forecast Calls for a Mild Recession and Decline in Home Prices

Demystifying The Numbers: George Ratiu’s Advice On Helping Sellers Locked In To Low Mortgage Rates

NAR Reports Existing Home Sales Are Down, But Steve Harney Remains Optimistic About Opportunities

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