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.[...]
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[...]
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[...]
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[...]
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%[...]