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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Category: redfin
Mortgage rates hit nearly 20-year high, cause home sales to tumble
Canceled home-sales contracts hit their highest rate in almost a year as skittish homebuyers blanche at mortgage rates that are the highest they’ve been in more than 20 years
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High housing costs dampen homebuyer demand
Those looking to buy a house will be paying a premium as inventory continues to be an issue.
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One in five millennials think they’ll never own a home
Eighteen percent of millennials — approximately one in five — believe they will never become a homeowner, according to a recent survey from Redfin.
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Only 1% of U.S. houses changed hands this year
Back in 2018, Freddie Mac stated that the country still needed about 2.5 million extra homes in order to meet demand. Then the pandemic homebuying boom depleted already-low inventory levels and high mortgage rates in the second half of 2022 chained many homeowners to their existing low rates.
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Home sale prices near all-time high as demand grows
For the first time in nearly a year, the average home sold above list price, fueling bidding wars in some markets.
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Homes are selling above asking price for first time in nearly a year
For the first time in almost 12 months, the average U.S. home is selling above its asking price, as the average sale-to-list price ratio hit 100.1% earlier this month
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Housing inventory faces largest decline since 2022
There are nearly 40% fewer homes for sale now than before the pandemic began
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Sellers making concessions to buyers has doubled since 2022
The number of Atlanta sellers making concessions to buyers is up from last year.
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Redfin Launches ChatGPT plug-in to help buyers find a home
Redfin has launched a ChatGPT plug-in to help buyers find their new home, a potentially powerful tool in their arsenal as today’s homebuyers work to find the perfect home.
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