News

Hope is on the Horizon for Millennial Homebuyers as the Market Eases

One of the most formidable obstacles facing millennials in today’s housing market is having enough cash saved for a down payment, especially given their substantial student loan debt and high rents eating up a large portion of their[...]
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Demand Strengthened Again in August, Putting Some Wind in the Market’s Sail Heading into Fall

Demand for homes grew for the second month in a row in August. The Redfin Housing Demand Index, based on thousands of Redfin customers requesting home tours and writing offers, increased 1.7 percent from July to a seasonally adjusted level[...]
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September Home Sales Showed Steady Growth, Up 3.2 Percent Year Over Year

Home sales in September were up 3.2 percent from a year ago. Year-to-date homes sales were up 4 percent compared the same period last year.Strong buyer demand this fall has kept the market moving at a fast pace. The typical home sold in 46[...]
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Affordability Is Homebuyers’ Biggest Concern, Particularly Among Millennials

Affordability Is Homebuyers’ Biggest Concern, Particularly Among Millennials

This summer, worries about housing affordability are growing more predominant, according to a Redfin survey of more than 1,800 homebuyers conducted in August.More than 28 percent of homebuyers said “prices are rising or are too[...]
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Mortgage Rates: Homebuyers Might Not Need to Depend on Cheap Borrowing Anymore

Mortgage Rates: Homebuyers Might Not Need to Depend on Cheap Borrowing Anymore

Mortgage rates rose this week, averaging 3.50 percent for a 30-year, fixed-rate loan, up from 3.44 percent last week. Last year at this time, rates were 3.91, according to Freddie Mac.But the real news for homeowners and[...]
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