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Redfin Reports Luxury-Home Sales Sink 38%, the Biggest Decline on Record

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Sales of luxury U.S. homes fell 38.1% year over year during the three months ending Nov. 30, 2022, the biggest decline on record, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That outpaced the record 31.4% decline in sales of non-luxury homes. Redfin’s data goes back to 2012. The luxury market and the overall housing market have lost momentum this year due to many of the same

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Clayton® & Next Step® Unveil White Paper That Shows Off-Site Built Homes Appreciate as Well as Site-Built Homes

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Clayton, a national builder of attainable housing, and Next Step, a national nonprofit housing organization, have released an educational white paper highlighting the wealth-building benefits of off-site built housing: Off-Site Built Homes Proven To Appreciate In Value – Providing Equity Building Opportunities & Reshaping Today’s Housing Market. As home buyers navigate a market with low affordable housing inventory, off-site built housing continues to represent a smart and attainable homeownership solution. Off-site built

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BLACK KNIGHT’S FIRST LOOK: PREPAYMENTS HIT THIRD CONSECUTIVE RECORD LOW IN NOVEMBER

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Black Knight, Inc. reports the following “first look” at November 2022 month-end mortgage performance statistics derived from its loan-level database representing the majority of the national mortgage market. Total U.S. loan delinquency rate (loans 30 or more days past due, but not in foreclosure): 3.01%Month-over-month change: 3.46%Year-over-year change: -16.18% Total U.S. foreclosure pre-sale inventory rate: 0.37%Month-over-month change: 5.29%Year-over-year change: 46.60% Total U.S. foreclosure starts: 23,400Month-over-month change: 19.39%Year-over-year change: 532.43% Monthly prepayment rate (SMM):

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All of the 60 Largest Metros Experience Declines in Home Prices as Longest Boom Ends

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The Nation’s longest home price boom has ended after a run-up lasting 10½ years. Nationally, prices have declined 3.1% from the peak in June, according to data from the American Enterprise Institute’s (AEI) Housing Center. While all 60 largest metros have begun experiencing year-on-year price declines, San Jose, Seattle, and San Francisco have led the way with declines of 15.5%, 13.4%, and 12.7% from their respective peaks. November’s Year-on-Year HPA was 6.7%, down from

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Redfin Reports Share of Homes Bought with All Cash Hits Highest Level Since 2014

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FHA loans are also making a comeback as a slowdown in homebuyer competition makes winning a home easier for bidders with lower down payments Roughly one-third (31.9%) of U.S. home purchases were paid for with all cash in October, according to a new report from Redfin (www.redfin.com), the technology-powered real estate brokerage. That’s up from 29.9% a year earlier and the highest share since 2014. The share of home purchases using all

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Florida’s Housing Market: Inventory, Median Prices Higher in November

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Florida’s housing market reported more inventory (active listings) and higher median prices in November compared to a year ago, though inflation and interest rates above 6% continued to influence buyer demand, according to Florida Realtors®‘ latest housing data. Closed sales of single-family homes statewide last month totaled 17,009, down 38.2% year-over-year, while existing condo-townhouse sales totaled 7,084, down 38.9% from November 2021, according to data from Florida Realtors Research Department in partnership

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