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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Category: redfin
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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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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What you need to know about that ‘Batton 2’ real estate commissions lawsuit
In the wake of the Sitzer/Burnett verdict, a new, similar lawsuit — this time on behalf of homebuyers — has been filed in the Northern District of Illinois, Eastern Division.
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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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Nearly one-third of homes for sale are new construction
New single-family home sales increased by 12.3% during September, the fastest pace since early 2022.
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Exorbitant home prices and mortgage rates are highest ever recorded
New homebuyers must make an average of $115,000 to afford the average U.S home, according to studies from Redfin. That’s about $40,000 more than the typical American earns.
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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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Redfin to cut ties with NAR, citing recent sex harassment claims
Redfin said it will require many of its agents to leave NAR and the association has “forced an all-or-nothing choice on us,” and it would therefore “choose nothing.”
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