Selling to buy? It should get easier in coming weeks, report says

Conditions should start to improve for buyers while remaining great for sellers if current trends hold, according to a new Redfin report. Rapid home price growth is finally expected to slow if current trends continue, according to a new data analysis from Redfin. This prediction comes as inventory continues to tick upward and the number … Read more

Americans still want to relocate — even as pandemic fears dwindle

The number of users who searched for a property outside of where they currently live rose to 31.1 percent during the second quarter, up from 27.6 percent the year before. Nearly one-third of users searched for a property outside of where they currently live during the second quarter of 2021, compared to just … Read more

June home sales see largest decline since 2012: Redfin

Homes also sold at their priciest and quickest pace on record during June, but Redfin said that sales pace and market competition have now likely peaked for 2021. The housing market has been on a wild ride for the past several months, but a new report released on Thursday by tech-powered brokerage Redfin suggests that … Read more

Mortgage boom for second homes takes hit amid new lending rules

New lending rules and a return to the office may have dented the prolific rise in demand for second-home loans, according to new data. Vacation properties may finally be falling out of favor after a year of lockdowns and remote work drove more high-income Americans to shop for second homes. The number of buyers who … Read more

Home prices in car-dependent markets soared during pandemic

During the pandemic, home prices in car-dependent markets grew twice as fast as home prices in transit-accessible markets, according to a new report by Redfin. New data continues to reveal the impact remote work is having on the consumer-preference shift in the housing market. Per a recent report by Redfin, during the pandemic, home prices … Read more

Homeownership gap between white and Black Americans is widening

In the first quarter of 2021, the homeownership rate among Black Americans was 45.1 percent compared to 73.8 percent among white Americans. The homeownership rate among Black Americans in the first quarter of 2021 clocked in at 45.1 percent compared to 73.8 percent among white Americans, according to the results of a new survey released … Read more

Summer market will be hot, but not scorching, economists say at Inman Connect

Day 2 of Inman Connect is underway with an all-star lineup, including Opendoor’s Eric Wu, Keller Williams’ Wendy Papasan, and many more. Register now to watch the rest of the day today and tomorrow live, and catch up on what you missed on-demand. This year’s real estate market has been roaring so far, which has many industry … Read more

WATCH: Hot market forecast: What to expect this summer

Next week at Inman Connect (June 15-17), Daryl Fairweather, chief economist at Redfin, and Jeff Tucker, senior economist at Zillow, take the stage with Katie Kossev. The topic of their discussion: “Hot Market Forecast: What To Expect This Summer?”  These two top economists will share their latest findings on housing market conditions and trends. They’re … Read more

After buying frenzy, demand for second homes comes down to earth

New lending restrictions and buyer preferences meant slower growth last month in mortgages for vacation homes and investment properties. After a year of frantic activity on the market for second homes, Redfin has found evidence that suggests demand may be starting to normalize for these getaway spots and investment properties. Each month for roughly a … Read more

Inman Handbook on pending home sales

This is the first installment of a new Inman series digging into, and explaining, routine real estate economic metrics and how they’re used to illuminate the current housing market and inventory crises. Check back tomorrow for the second installment on new-home sales. Each month, the National Association of Realtors (NAR) performs a ritual. In emails … Read more

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