Por: Fox Business Business October 02, 2023
Lack of homes for sale is turning up the heat in a competitive housing market. (iStock) Home sales in the U.S. increased 0.7% month-over-month in July to 387,374 – representing the most significant bump since the beginning of the year, according to the latest by Redfin. However, home sales have yet to reach pre-pandemic levels and still sit at 5.4% above the low point from March 2022 of 367,000 units – the lowest levels since the onset of... + full article
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Madison Ventures+ managing director Mitch Roschelle says increases in borrowing costs are 'eating up' homebuyers' savings. Purchasing a home for the first time will require those hoping to do so to have compared to last year, Redfin has found. In released Friday,... + más
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In other words, “just 1% of the nation’s homes have changed hands this year,” Redfin said, of the 1.4% figure, which is “the lowest share in at least a decade.” Home listings per 1,000 properties have fallen to the lowest level since 2012. Redfin Redfin has tracked... + más
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As frustrated buyers sit on the sidelines, home sales are falling. And weak demand is also pushing home prices down. Real-estate brokerage Redfin said that certain million-dollar homes exited the category in January as prices dipped. The share of homes in the U.S. that are worth... + más
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The layoff bug that's is also infecting the real estate industry, with Redfin announcing it will ax 862 jobs this week.That figure represents 13% of Redfin's workforce, the real estate data company said in an posted on its website. About 264 of the jobs being cut are... + más
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