Tag Archives: Asking Prices

While buyers contend with mortgage rates edging toward the 8% mark, Redfin reports that an increasing number of the nation’s home sellers are reducing their asking prices. Read the full data here.

Experts from Redfin explain why declining rent costs aren’t showing up in the data just yet, as landlords nationwide are issuing one-time discounts to attract tenants.

"Although a lot of homebuyers have acclimated to rates in the 6% range and many are finding ways to lower their monthly payments, like using a 2-1 buydown, high rates are handcuffing potential sellers,” said Redfin Deputy Chief Economist Taylor Marr.

A high share of home sellers dropped their asking price in July, particularly in pandemic boomtowns, as they struggled to match their expectations with the reality of the ...

For the first time since the housing market picked up after the pandemic, Redfin has reported that the average home has sold for less than its listing price ...

A rise in rates is putting the brakes on the refi market, as overall app volume continues its downward turn.

Even with rates still below the 3% mark, purchase applications slid week-over-week, as affordability issues continue to factor into homebuyers’ decision-making process.

Both competition and the speed with which homes have been selling have passed their previous record-high peaks. However, most homes are still selling within two weeks and for more than list price.

Trulia reported Tuesday that asking prices for on-sale homes climbed a seasonally adjusted 0.5 percent month-over-month nationwide in January, marking the smallest monthly gain since August. Trulia Chief Economist Jed Kolko says the slowdown reflects a change in the factors influencing price growth.

In a report released Thursday, Trluia's Jed Kolko warned that falling oil prices—which have since July dropped by half from $100 a barrel—threaten worldwide oil-producing economies. At home, this drop could foretell a drop in home sale prices in the country's most oil-producing states, chiefly Texas, Oklahoma, and Louisiana.