America’s Most Neighborly City
Neighbor.com has declared Rochester, NY, to be the most neighborly city in the U.S. Ranking at #2 last year, Rochester rose to #1 in 2022. Here’s what you need to know.
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Category: Housing Market
HOUSING MARKET
Markets in Midwest and East Coast Are Slowest to Cool
With mortgage rates and inflation rising, a Redfin analysis revealed the 10 housing markets holding up best. Midwest and East Coast metros dominate the list.
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Zillow Expert Panel Predicts Buyer’s Market in 2023
A Zillow expert panel predicts a buyer’s market in 2023, with rent growth exceeding growth in housing prices. Here’s what you need to know.
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What Today’s Volatile Mortgage Rates Mean for Your Clients
Homebuyers are experiencing whiplash with volatile mortgage rates reaching nearly 7% less than a week after the Fed’s third rate hike and after a recent decline. Here’s what you can do to help.
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Why More Sun Belt Buyers are Backing Out
A new Redfin report shows Sun Belt homebuyers backing out of home purchases faster than buyers in any other area of the U.S. Here’s what you need to know
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Goodbye to Bidding Wars: Homebuyer Competition Declines for 7th Straight Month
According to a new Redfin report, bidding wars declined for the seventh straight month, with 44.6% of homes facing a bidding war, down from 63.5% a year earlier.
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Renters Spend 26% of Their Income on Housing Costs
According to reports by Redfin and Realtor.com, renters spend 26% of their income on housing costs. But while rents are rising, rent growth has slowed.
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7th Month of Decline In Existing Home Sales
A news release from the National Association of REALTORS® shows a decline in existing home sales for the seventh straight month, along with annual increases in median home sale prices.
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Top Ten Cities for Boosting Your Credit Score
Some cities are better than others for boosting your credit score. Upgraded Points conducted an in-depth data study on 60 U.S. cities and ranked their credit score impact. Here’s what you need to know.
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Record Share of Homebuyers Are Relocating
According to a new Redfin report, a record high share of homebuyers are relocating from expensive areas to more affordable ones. Here’s what you need to know.
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85% of Homeowners Are Locked into Low Mortgage Rates
A new Redfin report found that 85% of homeowners are locked into low mortgage rates. Here’s what it means for buyers and sellers.
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Fannie Mae Report Changes the Housing Market Forecast for 2023
With the Federal Reserve again raising the federal-funds rate and mortgage rates above 6%, the latest Fannie Mae report shows forecast changes for the 2022 and 2023 housing market.
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One-Third of Home Sales in July Were All-Cash Purchases
According to a new Redfin report, 31.4% (nearly a third) of all U.S. home sales in July 2022 were all-cash purchases, up from 27.5% a year ago. Here’s what you need to know.
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Sellers Lose Their Advantage as Mortgage Rates Rise to 6.02%
According to a new Redfin report, sellers lost their upper hand in the U.S. housing market as mortgage rates reached 6.02%. Here’s what you need to know.
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Demand for Luxury Real Estate Continues
According to the 2022 Mid-Year Luxury Trends Report by Christie’s International Real Estate, buyer demand for luxury real estate will remain strong for the rest of 2022 and well into 2023. Here are the highlights.
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Best Time to Buy is the Week of September 25
Based on their fourth annual Best Time to Buy Report, Realtor.com has declared September 25 to October 1 the best week of 2022 to buy a home.
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Mortgage Rate Increase Not as Scary as WSJ Headline Appears
The Wall Street Journal published an article that elicits fear about the mortgage rate increase. Learn the missing piece that you need to share with consumers.
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Foreclosure Starts Reach Pre-Pandemic Levels
According to ATTOM’s August 2022 Foreclosure Market Report, foreclosure starts have reached pre-pandemic levels. Here’s what you need to know.
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From Deceleration to Decline?
According to the Data & Analytics division of Black Knight, home prices have shifted from deceleration to decline. Here’s what you need to know.
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How to Calculate your Maximum Allowable Offer in 7 Easy Steps
The Handsome Homebuyer shares how to calculate your maximum allowable offer on investment properties.
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Want to Own an Original Banksy? Here’s Your Chance.
Hilco Real Estate announced the structured sale of an iconic Banksy mural and the newly-restored building that wears it. Here are the highlights.
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Millennial and Gen Z Renters Hit Hardest by Inflation
A recent Redfin report found that Millennial and Gen Z renters are hit hardest by inflation, as goods and services increased by over 11% for these groups.
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Areas with Intense Drought are Seeing a Positive Net Migration
According to Redfin, more people are moving into than away from U.S. metros experiencing intense drought. Here’s what you need to know.
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Home Showing Activity Slows
According to ShowingTime, July home showing activity has declined 16.8% year-over-year as growing inventory and cooling buyer demand rebalance the housing market.
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Seller Sentiment Declines as Inventory and Days on Market Increase
The latest Realtor.com® Monthly Housing Trends Report dives into the changes happening in the market—from an increase in days on market to dwindling seller sentiment.
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