Monthly home payments hit new records last month reaching an all-time high of $2,747, an 11% increase from last year.
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Author: Liz Hughes
U.S. housing supply receives boost, marks first increase in eight months
With the spring market right around the corner, the U.S. housing supply finally got a boost.
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Luxury home prices hit all time high; record number cash sales recorded
Redfin points to surge in prices, new luxury listings and a boost in sales as affluent homebuyers and sellers show increased activity
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Home listings grow as prices stabilize
Home listings grew in December as housing prices stabilized, closing out an interesting 2023 for the real estate market.
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Falling mortgage rates, rising listings mark house hunters return
With mortgage rates dropping to their lowest levels in almost a year, house hunters are returning to a market that many had shied away from in 2023.
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Only 13.8% of Atlanta homes were affordable in 2023
Falling mortgage rates and more inventory could mean an improvement in housing affordability in the new year.
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Santa’s North Pole cabin listed for $1.18M
Take an AI-powered interactive tour of the listing on Zillow
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Homebuyer demand remains resilient, despite rates, shrinking listings
Last month, homebuyer demand showed its resilience, despite mortgage rates being at a 23-year high and inventory continuing to be limited.
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Home sellers slash prices by record number
A record number of home sellers are dropping their prices as buyers continue to feel the impact high mortgage rates are having on their wallets.
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Mortgage rates hit highest level in more than 20 years
New home listings are still on the rise, despite mortgage rates hitting the highest level in more than 20 years. And those high mortgage rates are pushing monthly housing payments higher than they’ve ever been.
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