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.
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.
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.
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.
Based on a recent ATTOM analysis, the best days of the year to sell a home are in the months of April, May, and June, when home sales offer seller premiums of 10% or more over market value. The top 16 best days to sell are in the month of May alone.
Four different housing market updates—from Fannie Mae, Redfin, NAR and Zillow—highlight home price changes and challenges for entry-level home shoppers. At first glance, opposing headlines could be confusing for consumers.
The latest Mortgage Monitor Report from Black Knight, Inc. shows the first monthly increase in home prices after seven straight months of decline.
The latest Zillow market report shows home prices are stabilizing as home sales have increased, while sellers continue to hold off, limiting inventory and igniting buyer competition for well-priced homes.
Zillow reports buyers can expect competition for well-priced homes. Redfin reports buyer demand has cooled due to rising mortgage rates but is still stronger than last fall. The question is, how strong will buyer demand be this spring?
Airbnbust, cooling home prices, longer days on market, and Mark Zuckerberg’s miss are today’s topics as Shannon Gillette and Dustin Brohm join Byron Lazine and The Broke Agent.
According to a new Redfin report, time on market for homes has doubled since spring as mortgage rates are at a 20-year high and mortgage applications have dropped to a 25-year low.
A new Redfin report shows a record drop in home sales and listings for September 2022 as high mortgage rates and inflation sideline buyers and discourage sellers with lower rates locked down.
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