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Redfin Reports Home Sales Surge by Double Digits in Pricey West Coast Markets

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Home sales are up 28% year over year in Portland, OR—the biggest gain of any major U.S. metro. Next come San Jose, Seattle and San Francisco, which also saw double-digit increases. In Portland, OR, home sales jumped 27.6% year over year in November—the biggest increase among the 50 most populous U.S. metropolitan areas, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. It was followed by five other

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ICE First Look at Mortgage Performance: Delinquencies Hit Highest Level in Nearly Three Years; Prepayments Drop on Higher Rates

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Intercontinental Exchange, Inc. (NYSE:ICE), a leading global provider of technology and data, reports the following “first look” at November 2024 month-end mortgage performance statistics derived from its loan-level database representing the majority of the national mortgage market. Data as of Nov. 30, 2024Total U.S. loan delinquency rate (loans 30 or more days past due, but not in foreclosure): 3.74%Month-over-month change: 8.38%Year-over-year change: 10.46% Total U.S. foreclosure pre-sale inventory rate: 0.34%Month-over-month

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Redfin Reports More Sellers Are Listing Their Homes, Hoping to Cash in on High Prices and Demand From Buyers

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New listings posted their second-biggest annual increase since early summer this week, and pending home sales continue to rise New listings of homes for sale are up 7.6%, the biggest year-over-year increase since June (except the four weeks ending November 24, when the increase was inflated due to Thanksgiving), according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. This is based on data from the four weeks ending

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Zillow reveals 2024’s most popular – and most unusual – home searches

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Natural language search reveals insights into how people searched for homes this year From barns to laser tag, Zillow® AI-powered natural language search revealed 2024’s unique home-search trends, offering a window into what Americans wanted in their next home. This year, Zillow enhanced its natural language search feature, allowing home shoppers to search for their next home as naturally as they would speak to family or friends. Buyers and renters can use

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Gray Capital’s 2025 Multifamily Forecast Highlights Positive Investment Prospects and High Housing Demand

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Gray Capital, a multifamily investment firm, has published their “2025 Multifamily Forecast” report, which covers the major trends in the housing market and economy that will impact the apartment market next year. Along with these broader trends, the new report includes data on apartment supply and demand, capital markets, and specific predictions for rent growth in 2025. “Multifamily is on the precipice of an inflection point. 2025 should see significantly

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Existing Home Sales Rise to Highest Level in Over a Year and a Half

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Redfin reports homebuying activity picked up in November as election uncertainty dissipated and buyers grew more accustomed to elevated mortgage rates Existing home sales rose 0.7% month over month in November to a seasonally adjusted annual rate of 4,269,85—the highest level since March 2023. They jumped 4.5% year over year—the largest annual increase since July 2021, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. A seasonally adjusted

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