Weely Real Estate News

Home prices keep rising amid a seller’s housing market. So why has new homebuilding hit a crawl?

  Source: USA Today —  By many accounts, we are still in a seller’s market. Home prices continue to rise in nearly all of the U.S. even as mortgage rates climb ever higher. Inventory levels – typically used by housing economists to gauge whether […]

Weely Real Estate News

Redfin Reports A Record Share of Homebuyers Relocate, Driven By Moves Away From Expensive Coastal Areas

  Source: Redfin —  SEATTLE–(BUSINESS WIRE)– (NASDAQ: RDFN) — A record 33.9% of Redfin.com users nationwide looked to move from one metro to another in July and August, according to a new report from Redfin (www.redfin.com), the […]

Weely Real Estate News

85% of Homeowners with Mortgages Have a Rate Far Below Today’s Level, a Factor Prompting Many to Stay Put

  Source: Business Wire —  Roughly six of every seven (85%) U.S. homeowners with mortgages have a mortgage interest rate far below today’s level of 6%, according to a new report from Redfin (redfin.com), the technology-powered real […]