The luxury real estate segment surged throughout the pandemic, with prices rising faster than most other classes of residential real estate. That has come to an end, according to Redfin…
Blog
Newsletter:
The rise of negative leverage
The S&P CoreLogic Case-Shiller Index reported recently that home prices jumped again 20.6% year-over-year in March, with Tampa, Phoenix, and Miami leading the highest gains among larger cities. Craig J.…
Have we seen the housing market peak?
Lily Katz of Redfin News reports on buyer competition, noting that in April 61% of home offers saw bidding wars, down from 63% in March and 67% from this time…
Is inflation peaking?
Rents have been rising quickly over the past few years. According to Rent.com, average rents have increased over 25% across the board year-over-year. With inflation continuing to increase, the upward…
Why banks are worried: Lending activity dropping in 2022
As the Federal Reserve announced an increase in the lending rate of 0.5%, lenders are getting worried about the prospects of business volume. The 30-year fixed-rate is now sitting at…
A recession is likely heading our way, here’s what investors need to know
The Federal Reserve Bank of Dallas released a report last month discussing the possibility of a housing bubble. According to the authors: “Our evidence points to abnormal U.S. housing market…
Interest rates hit 5 percent, here’s what it means for investors
Mortgage rates have hit the 5% threshold, the highest seen since 2011. According to Realtor Magazine, “since the beginning of the year, mortgage rates have jumped by 1.8 percentage points…
Mortgage rates are rising at levels not seen since 2018
Mortgage rates are rising, and are at levels not seen since 2018. According to Jo Constantz of Bloomberg, the 30-year average mortgage rate hit 4.67% last week, up from 4.42%.…
Housing prices continue their record growth in 2022
Housing prices continue their upward trajectory with Redfin reporting last week on four important trends worth highlighting: Housing prices are up 17% year-over-year There was a 7% drop in new…