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Housing Market Update: Homebuyers’ Average Monthly Mortgage Payment Rose $50 in the Last 6 Weeks

Housing Market Update: Homebuyers’ Average Monthly Mortgage Payment Rose $50 in the Last 6 Weeks

The average homebuyer’s monthly mortgage payment rose $50 over the last six weeks as sellers’ median asking price increased 12% year over year to a new record-high and mortgage rates surpassed 3%. Despite rapidly declining[...]
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Home Sales Fell 6% in August, the First Annual Decline in 15 Months

Home Sales Fell 6% in August, the First Annual Decline in 15 Months

The median price of homes sold in August was $380,271, up 16% from a year earlier, the lowest growth rate since February. August marked the 13th consecutive month of double-digit price gains.“When it comes to home prices in this market,[...]
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Housing Market Update: Asking Prices Up 12% to All-Time High

Housing Market Update: Asking Prices Up 12% to All-Time High

Asking prices of homes listed for sale increased to an all-time high during the four-week period ending September 26. Pending sales were up just 4%, the smallest year-over-year increase since June of 2020. Other housing market measures[...]
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Housing Market Update: Homebuyer Demand and Sellers’ Asking Prices Get a Late-Summer Boost

Housing Market Update: Homebuyer Demand and Sellers’ Asking Prices Get a Late-Summer Boost

Early homebuyer demand reached the highest point in at least three years during the week ending September 19, according to Redfin’s Homebuyer Demand Index, which measures requests for home tours and other home-buying services from[...]
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Demand for Second Homes Fell 19% Year Over Year in August

Demand for Second Homes Fell 19% Year Over Year in August

Demand for second homes dropped 19.3% year over year in August, marking the third-straight month of declines. Demand for primary homes also fell, slipping 1% year over year in the second-consecutive month of declines.That’s[...]
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