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

Home office eclipses short commute as a buyer must-have, agents say

Nearly 60 percent of agents surveyed by Homelight said they expect a home office to be a top priority for buyers in a post-vaccine landscape. Well over half of agents in a recent survey expect homebuyers to highly prioritize a home office in a post-vaccine landscape. The desire for home-office space reflects a dramatic shift … Read more

Showings ‘hyperactive’ in first 5 days of listing: ShowingTime

June brought a “rapid slowdown” in homebuyer demand, but showings were “still hyperactive” in the first five days of listings, according to showing management company ShowingTime. ShowingTime tracks data from more than 6 million property showings scheduled across the country each month. The company’s Showing Index tracks the average number of appointments received on active … Read more

New single-family housing starts ramp up 6% in June: Census Bureau

The increase in housing starts is a welcome gift, but experts say builders aren’t yet betting recent improvements in materials costs are here to stay for the long term. New residential construction made modest gains in June, as lumber prices finally began to settle back down to Earth, according to the U.S. Census Bureau and … Read more

Transitioning into summer, high-end properties are seeing a cool down

As the official start to summer approaches, agents say the market is less chaotic than a few weeks ago, and more high-end luxury properties, in particular, seem to be available and lingering on the market longer. In the peak of the spring homebuying season, real estate agents and their buyers were frantically bidding on homes … Read more

Housing inventory shortage could ease later this year: report

The coronavirus pandemic has thrown the housing market into chaos, but a new report from tech firm and brokerage HouseCanary offers a glimmer of hope: The ongoing inventory shortage may improve later this year. The report is based on public data, such as that from tax assessors’ offices, as well as from the hundreds of … 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

Buyers could see more affordable homes in the next 6 months

Homebuyers exhausted by record low inventory and bidding wars may see some relief in the near future, according to a survey from Homes.com. The online survey, fielded in early May, had 1,600 U.S. adult respondents, of which 267 said they planned to sell their home within the next six months. The survey found that the … Read more

Phoenix sees biggest housing shortage, NYC biggest surplus

A new report shows that cities in the South and West don’t have enough housing, while expensive metros might have too much. An ongoing competitive market has completely reshuffled the U.S. cities experiencing housing shortages, with historically affordable Phoenix now seeing the biggest shortage in the U.S. even as infamously expensive New York City enjoys … Read more

A buyer-friendly market may soon be in reach, new data suggests

The fall could bring cooling prices and more inventory, according to a new report from realtor.com released Thursday. Buyers may catch a break from the red-hot housing market soon, according to Realtor.com’s Weekly Housing Trends report released Thursday. New listings fell 3 percent for the week ending July 3. But with year-over-year increases during 12 … Read more

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