A new report from brokerage and listings portal Redfin suggests homebuyer competition took a nosedive in Greater Boston between June and July – but it’s still stronger than in many metros.
With demand from people relocating to more sun-drenched markets thanks to an ability to work remotely already fading, many Sun Belt metros face a growing risk of seeing a downturn in their housing markets, according to a new analysis. Not so in Greater Boston.
The number of homebuyers seeking mortgages for second homes has taken a nosedive this year, even as the inventories of single-family homes and condominiums for sale on Cape Cod hit never-before-seen lows last month.
Even as the median single-family and condominium sale prices set new records in May, signs emerged that buyers were pulling back.
The Greater Worcester area was the nation’s most competitive housing market in May, according to a new Redfin report that measured the number of competing offers its buyers agents encountered. And Greater Boston was the nation’s third-hottest.
Two of the biggest-name brokerages that sought to challenge the established hierarchy of residential brokerages announced major layoffs Tuesday as buyer frenzy cooled nation-wide.
Mortgage rates – which topped out at 5.3 percent last month before sinking slightly to 5.1 percent last week – combined with rising home prices have pushed the traditional 30-year loan out of reach for many.
Could the suburban shift in Greater Boston homebuyer demand be on the wane? That’s what Zillow researchers are suggesting in a new report out this morning.
By three different measures, the cost of buying a home in America is going through the roof – so high that one analysis says housing affordability is the worst it’s been since 2006.
Even as rising home prices and interest rates pushed many out of the housing market last month, several indicators show competition for the few remaining homes for sale stayed fierce.
Demand for vacation homes dropped sharply for the second month in a row in March, with mortgage-rate locks for second homes at their lowest level since May 2020, according to a new report from Redfin.
Online brokerage and listings portal site Redfin announced its year-old acquisition of rental listings site RentPath has finally paid off, with rental listings now being added to the company’s website along with for-sale homes and condominiums.
Demand for second-home mortgages took a nosedive in February, a new report says, but Cape Cod’s inventory crunch means most buyers on the peninsula won’t feel any benefit.
New reports from the Massachusetts Association of Realtors and online brokerage Redfin shows that the February housing market began heating up.
Two years after the COVID-19 pandemic hit Boston, its impact on the region’s housing market is still reverberating.
So many people moved last year, they caused the overall median length of tenure in an American home to stay nearly constant, bucking a longstanding trend that saw more and more homeowners preferring to stay put.
Massachusetts’ buy-side real estate agents are pocketing a smaller and smaller share of the state’s larger and larger home sale prices, a new study says.
Redfin’s monthly report on demand for home sales in the country’s biggest metro areas found the prevalence of multiple offers on residential properties stayed steady into December, a month that typically saw a significant drop-off in buyer interest pre-pandemic.
Discount brokerage Redfin has agreed to acquire mortgage lender Bay Equity Home Loans in a move Redfin said would increase its scale and efficiency while giving its customers more lending options.
A new analysis of mortgage rate-locks by online brokerage Redfin has found that, nation-wide, demand for second homes was up 77 percent in December over 2019 levels.