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Investor Home Purchases Slump 17% From Pandemic Peak as Interest Rates Rise

Investor Home Purchases Slump 17% From Pandemic Peak as Interest Rates Rise

Real estate investors bought 77,829 homes in the metros tracked by Redfin in the first quarter, down 11.5% from the fourth quarter of 2021 and 16.5% from the third quarter of 2021, when investor purchases hit a record high. On a[...]
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Homebuyer Budgets Flatten, Posting Slowest Annual Growth Rate in Nearly Two Years

Homebuyer Budgets Flatten, Posting Slowest Annual Growth Rate in Nearly Two Years

Slowing budget growth indicates that home-price growth will slow in the coming months, too. Homebuyer budgets are essentially flat from last year, up just 0.3% year over year nationwide in the three months ending April 30, the slowest[...]
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Redfin Advises Listing Sooner Rather Than Later, Pricing Slightly Below Recent Comps & Other Home-Selling Tips For a Changing Market

Redfin Advises Listing Sooner Rather Than Later, Pricing Slightly Below Recent Comps & Other Home-Selling Tips For a Changing Market

The housing market is shifting from a red-hot seller’s market to one where buyers have some power. After nearly two years of a housing-supply shortage and bidding wars for most homes that did come on the market, higher mortgage rates and[...]
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Austin, Raleigh and Other Popular Sun Belt Metros Lead the Nation in Homebuilding

Austin, Raleigh and Other Popular Sun Belt Metros Lead the Nation in Homebuilding

Sun Belt metros are leading the way when it comes to building new homes–and they need them, with scores of buyers moving in from other parts of the country, causing inventory to dwindle and prices to surge.Austin, TX had 31.1[...]
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Priced Out of Austin, Relocating Homebuyers Turn to San Antonio

Priced Out of Austin, Relocating Homebuyers Turn to San Antonio

Austin, Las Vegas, Nashville and other metros popular during the pandemic have seen in-migration slow amid surging prices and higher mortgage rates.Homebuyers who are priced out of Austin are turning to San Antonio, located about 80[...]
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