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1 in 10 Home Sellers Are Moving Because They’re Being Called Back to the Office: Survey

1 in 10 Home Sellers Are Moving Because They’re Being Called Back to the Office: Survey

Return-to-work policies are motivating one of every 10 (10.1%) U.S. home sellers to relocate.That’s according to a Redfin-commissioned survey conducted by Qualtrics in May and June 2023. The survey was fielded to 5,079 U.S.[...]
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Housing Market Update: Prices Go Up While Demand Goes Down

Housing Market Update: Prices Go Up While Demand Goes Down

Mortgage-purchase applications are sitting at their lowest level in nearly three decades. But there are so few homes for sale that prices are up 4.5% annually, the biggest increase in nearly a year.Although mortgage rates are inching[...]
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Redfin Survey: 1 in 5 Millennial Respondents Believe They’ll Never Own a Home

Redfin Survey: 1 in 5 Millennial Respondents Believe They’ll Never Own a Home

Nearly one of every five (18%) millennials and 12% of Gen Zers who replied to a recent housing survey believe they will never own a home. That’s according to a Redfin-commissioned survey conducted by Qualtrics in May and June 2023. The[...]
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Demand for Vacation Homes Sits Near 7-Year Low Due to High Housing Costs, Return-to-Office Mandates

Demand for Vacation Homes Sits Near 7-Year Low Due to High Housing Costs, Return-to-Office Mandates

Mortgage rate locks for second homes are down nearly 50% from pre-pandemic levels, compared to a 33% drop for primary homes. Mortgage-rate locks for second homes were down 47% from pre-pandemic levels on a seasonally adjusted basis in[...]
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Pending Home Sales Ticked Up in July But Still Hovered Near Recent Low

Pending Home Sales Ticked Up in July But Still Hovered Near Recent Low

Pending home sales inched up in July—rising 0.7% from a month earlier to the highest level since the start of the year on a seasonally adjusted basis. Still, they were only 5.4% above the low point they hit in March. Pending sales fell 15.7%[...]
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