Few CT Homes Falling Out of Contract, Report Says
As Sun Belt metros see demand for homes evaporate in the summer heat, by one measure Connecticut’s three major markets are doing well.
Northeast Markets Stay Competitive as Bidding Wars Taper Off
A new report from brokerage and listings portal Redfin suggests homebuyer competition took a nosedive in major markets bracketing Connecticut between June and July – but it’s still stronger than in many metros. The company’s researchers reported only 53.2...
Analysis Says Hartford Area Well-Insulated from Potential Housing Crash
With demand from people relocating to more sun-drenched markets thanks to an ability to work remotely already fading, many Sun Belt metros face a growing risk of seeing a downturn in their housing markets, according to a new analysis.
CT Housing Markets Still Hotter than 2019
Housing markets across the country may be slumping, but across Connecticut, indicators suggest demand is still stronger than the pre-pandemic baseline, even if it is waning.
Redfin, Compass Announce Major Layoffs
Two of the biggest-name brokerages that sought to challenge the established hierarchy of residential brokerages announced major layoffs Tuesday as buyer frenzy cooled nation-wide.
As Mortgage Rates Rise, Housing Affordability the Worst in Years
By three different measures, the cost of buying a home in America is going through the roof – so high that one analysis says housing affordability is the worst it’s been since 2006.
Redfin Adds Rental Listings to Portal
Online brokerage and listings portal site Redfin announced its year-old acquisition of rental listings site RentPath has finally paid off, with rental listings now being added to the company’s website along with for-sale homes and condominiums.
Second-Home Demand Retreats as Mortgage Rates Rise
Demand for second-home mortgages took a nosedive in February, a new report says.
So Many People Moved Last Year, Homeowner Tenure Flatlined
So many people moved last year, they caused the overall median length of tenure in an American home to stay nearly constant, according to new research published by Redfin this morning.
Agent Commissions Slid Down Last Year
The hot housing market is claiming another casualty: buyer’s agent commission.
Redfin: Pricier Homes Attracted More Offers Last Month
Redfin’s monthly report on demand for home sales in the country’s biggest metro areas found the prevalence of multiple offers on residential properties stayed steady into December.
Redfin Moves into CT Mortgage Market with Acquisition
Discount brokerage Redfin has agreed to acquire mortgage lender Bay Equity Home Loans in a move Redfin said would increase its scale and efficiency while giving customers more lending options.
Demand for Second Homes Stays Strong Heading Into 2022
A new analysis of mortgage rate-locks by online brokerage Redfin has found that, nation-wide, demand for second homes was up 77 percent in December over 2019 levels.
Will Inflation Hurt Spring Demand for Homes? One Survey Says Yes
A new survey from Redfin suggests more than a quarter of prospective homebuyers nationwide are putting off their search due to rising prices.
Realtor.com, Redfin Say ‘No’ to Crime Stats on Listings Sites
Both companies said they were concerned crime statistics on listings pages promoted racial bias and may not be reliable.
Redfin Top Economist Predicts Calmer 2022 Housing Market
Add Redfin’s top economist to the ranks of high-profile residential real estate observers who think 2022 is going to be a lot closer to a “normal” housing market.
Second Home Demand Rebounded in September
A new Redfin report on mortgage-rate lock data from analytics firm Optimal Blue says the summer slowdown in demand for second homes definitively reversed, rising to 60 percent above pre-pandemic demand levels. Demand bottomed out in July at 40 percent above pre-pandemic demand.
Rush for Second Homes Cools, But Stays Strong
Redfin’s monthly analysis of national-level mortgage rate-lock data shows demand for second homes has definitely cooled from last year, but it’s still elevated compared to the pre-pandemic norm.
Redfin: August Rents Rose Faster than Mortgage Payments
Rents may be rebounding nation-wide, but the effective cost of housing is also rising quickly, according to a new report.
Report: Bidding Wars Drop Again in July
Redfin reported that the share of offers written by its area agents which faced at least one competing offer dropped to 60.1 percent in July, down from 66.5 percent in June and a peak of 74.1 percent in April.
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