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Luxury-Home Sales Sink 38%, the Biggest Decline on Record

Luxury-Home Sales Sink 38%, the Biggest Decline on Record

Sales of luxury U.S. homes fell 38.1% year over year during the three months ending Nov. 30, 2022, the biggest decline on record. That outpaced the record 31.4% decline in sales of non-luxury homes. Redfin’s data goes back to 2012.This is[...]
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Just 3 in 100 Pandemic Homebuyers Would Fall Underwater With Next Year’s Projected 4% Home-Value Decline

Just 3 in 100 Pandemic Homebuyers Would Fall Underwater With Next Year’s Projected 4% Home-Value Decline

Recent homebuyers in certain places, like Sacramento and Phoenix, are at higher risk of falling underwater on their mortgage, while Florida homeowners are at even lower risk. Just 3.4% of U.S. homeowners who bought in the last two years[...]
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Home Sales Slumped 35% in November, the Biggest Decline on Record

Home Sales Slumped 35% in November, the Biggest Decline on Record

Home sales fell 35.1% year over year in November on a seasonally-adjusted basis—the largest decline in Redfin’s records that date back to 2012. Home-price growth also lost momentum. The median U.S. home-sale price rose just 2.6%[...]
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Housing Market Update: Supply Posts Record Increase As Homes Linger on the Market

Housing Market Update: Supply Posts Record Increase As Homes Linger on the Market

Redfin’s Homebuyer Demand Index ticked up this week as steadily declining rates lured some buyers back in. But many would-be buyers are waiting for lower rates and prices, with the typical home’s time on market rising at its fastest[...]
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Rental Market Tracker: Asking Rents Post Smallest Annual Increase in 15 Months in November

Rental Market Tracker: Asking Rents Post Smallest Annual Increase in 15 Months in November

The median U.S. asking rent climbed 7.4% year over year to $2,007 in November, the smallest increase in 15 months and the sixth-consecutive month in which annual rent growth slowed. By comparison, rents were up twice as much in the summer.[...]
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