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Demand For Vacation Homes Is Down More Than 50% From Pre-Pandemic Levels

Demand For Vacation Homes Is Down More Than 50% From Pre-Pandemic Levels

The number of people locking in mortgages for second homes dropped to its lowest level since 2016 in February and remained nearly as low in March. Prospective second-home buyers are deterred by high costs, a slowing short-term rental[...]
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Housing Markets in West Coast Hubs and Zoom Towns Cooling Fastest

Housing Markets in West Coast Hubs and Zoom Towns Cooling Fastest

Seattle, San Jose, Austin and Phoenix are among the metros with the fastest-slowing housing markets as high mortgage rates, tech turmoil and the lack of homes for sale deter buyers. Connecticut, upstate New York and parts of the Midwest[...]
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Housing Market Update: Demand Outpaces Limited Supply, Making Some Markets Feel Hot Despite Few Sales

Housing Market Update: Demand Outpaces Limited Supply, Making Some Markets Feel Hot Despite Few Sales

Limited new listings are making it feel  like a seller’s market in some parts of the U.S. even though sales are down by double digits. But some markets still feel cool, with for-sale homes lingering on the market.If it feels like there[...]
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Nearly Half of Home Sellers Are Making Concessions to Woo Buyers

Nearly Half of Home Sellers Are Making Concessions to Woo Buyers

Home sellers gave concessions to buyers in 45.5% of home sales recorded by Redfin agents during the three months ending February 28, up from 31.1% one year earlier. That’s the highest share of any three-month period in Redfin’s[...]
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Rental Market Tracker: Rents Drop to Lowest Level in a Year

Rental Market Tracker: Rents Drop to Lowest Level in a Year

The median U.S. asking rent rose 1.7% year over year to $1,937 in February—the smallest increase in nearly two years and the lowest level in a year. Rents were up nearly 10 times that much (16.5%) a year earlier.February was the ninth[...]
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