* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Monday, July 21, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    12 ‘Late Show’ Moments Proving Stephen Colbert Can’t Be Replaced – The Mountaineer

    12 Unforgettable ‘Late Show’ Moments That Prove Stephen Colbert Is Truly One of a Kind

    Canes owner Tom Dundon’s real estate firm eyes entertainment complex near RDU – The Business Journals

    Canes Owner Tom Dundon’s Real Estate Firm Unveils Plans for Thrilling New Entertainment Complex Near RDU

    Inspired Entertainment, Inc.’s (NASDAQ:INSE) Price Is Right But Growth Is Lacking After Shares Rocket 29% – simplywall.st

    Inspired Entertainment Soars 29% but Growth Momentum Falls Short

    Kroger shares summer entertainment tips – Supermarket Perimeter

    Ultimate Summer Entertainment Tips to Make Your Season Unforgettable

    Theater at Santa Fe’s San Isidro Plaza will be converted into IMAX, family entertainment venue – Santa Fe New Mexican

    Santa Fe’s San Isidro Plaza Theater Transforms into Exciting IMAX Family Entertainment Venue

    B&B Theatres will open massive entertainment complex in Texas – The Business Journals

    B&B Theatres will open massive entertainment complex in Texas – The Business Journals

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology

    Defence Holdings PLC Transitions from Esports to Pioneering Defence Technology

    Bull of the Day: Credo Technology Group (CRDO) – Yahoo Finance

    Bull of the Day: Why Credo Technology Group (CRDO) Is Poised for a Breakout

    BlackSky Technology Inc. Stock Analysis and Forecast – Explosive wealth accumulation – Jammu Links News

    BlackSky Technology Inc.: Unlocking Explosive Wealth Potential Through Expert Stock Analysis and Forecast

    Polypurine Hairpin Technology is Safe, Effective at Inhibiting PCSK9 to Regulate Cholesterol – Pharmacy Times

    Polypurine Hairpin Technology: A Safe and Powerful Breakthrough for Controlling Cholesterol by Targeting PCSK9

    A major AI training data set contains millions of examples of personal data – MIT Technology Review

    A major AI training data set contains millions of examples of personal data – MIT Technology Review

    Simpson College to purchase medical simulation technology with grant funds – Iowa Capital Dispatch

    Simpson College to purchase medical simulation technology with grant funds – Iowa Capital Dispatch

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    12 ‘Late Show’ Moments Proving Stephen Colbert Can’t Be Replaced – The Mountaineer

    12 Unforgettable ‘Late Show’ Moments That Prove Stephen Colbert Is Truly One of a Kind

    Canes owner Tom Dundon’s real estate firm eyes entertainment complex near RDU – The Business Journals

    Canes Owner Tom Dundon’s Real Estate Firm Unveils Plans for Thrilling New Entertainment Complex Near RDU

    Inspired Entertainment, Inc.’s (NASDAQ:INSE) Price Is Right But Growth Is Lacking After Shares Rocket 29% – simplywall.st

    Inspired Entertainment Soars 29% but Growth Momentum Falls Short

    Kroger shares summer entertainment tips – Supermarket Perimeter

    Ultimate Summer Entertainment Tips to Make Your Season Unforgettable

    Theater at Santa Fe’s San Isidro Plaza will be converted into IMAX, family entertainment venue – Santa Fe New Mexican

    Santa Fe’s San Isidro Plaza Theater Transforms into Exciting IMAX Family Entertainment Venue

    B&B Theatres will open massive entertainment complex in Texas – The Business Journals

    B&B Theatres will open massive entertainment complex in Texas – The Business Journals

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology

    Defence Holdings PLC Transitions from Esports to Pioneering Defence Technology

    Bull of the Day: Credo Technology Group (CRDO) – Yahoo Finance

    Bull of the Day: Why Credo Technology Group (CRDO) Is Poised for a Breakout

    BlackSky Technology Inc. Stock Analysis and Forecast – Explosive wealth accumulation – Jammu Links News

    BlackSky Technology Inc.: Unlocking Explosive Wealth Potential Through Expert Stock Analysis and Forecast

    Polypurine Hairpin Technology is Safe, Effective at Inhibiting PCSK9 to Regulate Cholesterol – Pharmacy Times

    Polypurine Hairpin Technology: A Safe and Powerful Breakthrough for Controlling Cholesterol by Targeting PCSK9

    A major AI training data set contains millions of examples of personal data – MIT Technology Review

    A major AI training data set contains millions of examples of personal data – MIT Technology Review

    Simpson College to purchase medical simulation technology with grant funds – Iowa Capital Dispatch

    Simpson College to purchase medical simulation technology with grant funds – Iowa Capital Dispatch

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home Business

Redfin Report: The New Year Brings an Uptick in Early-Stage Demand As Mortgage Payments Fall and More Homes Hit the Market

January 11, 2024
in Business
Share on FacebookShare on Twitter

As mortgage rates hold steady in the 6% range and new listings tick up, mortgage-purchase applications and Redfin home tours are rising

SEATTLE–(BUSINESS WIRE)–
(NASDAQ: RDFN) —Pending U.S. home sales posted their smallest year-over-year decline in two years (-3%) during the four weeks ending January 7, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage.

Mortgage-purchase applications are up 3% from a month ago, and Redfin’s Homebuyer Demand Index—a seasonally adjusted measure of requests for tours and other buying services from Redfin’s agents—is up 5% from a month ago.

Redfin agents report that as the new year kicks off, more sellers are listing and more buyers are going on tours and applying for mortgages as rates remain in the mid-6% range, down from 8% in October. Buyers are motivated by lower mortgage payments–the median U.S. housing payment is down $327 (-12%) from October’s all-time high–and sellers are motivated by increased demand and the lock-in effect easing.

There are 9% more new listings than there were a year ago, and while the total number of listings is down 3% annually, that’s the smallest decline since June.

“More buyers are out there touring this week; they feel optimistic now that rates have come down a bit,” said Phoenix Redfin Premier agent Heather Mahmood-Corley. “I’m advising house hunters to start making offers now because the market feels pretty balanced. Interest rates are lower and there are more listings, but there’s not much competition yet. With activity picking up, I think prices will rise and bidding wars will become more common.”

Leading indicators

Indicators of homebuying demand and activity

Value (if applicable)

Recent change

Year-over-year change

Source

Daily average 30-year fixed mortgage rate

6.78% (Jan. 10)

Up just slightly from 6.72% a week earlier

Up from 6.14%

Mortgage News Daily

Weekly average 30-year fixed mortgage rate

6.62% (week ending Jan. 4)

Near lowest level since May

Up from 6.48%

Freddie Mac

Mortgage-purchase applications (seasonally adjusted)

Up 6% from a week earlier; up 3% from a month earlier (as of week ending Jan. 5)

Down 16%

Mortgage Bankers Association

Redfin Homebuyer Demand Index (seasonally adjusted)

Up 5% from a month earlier (as of the week ending Jan. 7)

Down 9%

Redfin Homebuyer Demand Index, a measure of requests for tours and other homebuying services from Redfin agents

Google searches for “home for sale”

Up 10% from a month earlier (as of Jan. 8)

Down 20%

Google Trends

Key housing-market data

U.S. highlights: Four weeks ending January 7, 2023

Redfin’s national metrics include data from 400+ U.S. metro areas, and is based on homes listed and/or sold during the period. Weekly housing-market data goes back through 2015. Subject to revision.

Four weeks ending January 7, 2023

Year-over-year change

Notes

Median sale price

$363,125

4.1%

Close to the biggest increase since Oct. 2022

Median asking price

$364,725

4.9%

Median monthly mortgage payment

$2,399 at a 6.62% mortgage rate

7.4%

Down $327 from all-time high set during the four weeks ending Oct. 22. Near lowest level in about a year.

Pending sales

49,963

-2.5%

Smallest decline since Jan. 2022

New listings

44,682

9%

Active listings

775,467

-2.9%

Smallest decline since June

Months of supply

4.2 months

+0.3 pts.

4 to 5 months of supply is considered balanced, with a lower number indicating seller’s market conditions

Share of homes off market in two weeks

24.9%

Up from 24%

Median days on market

42

-2 days

Share of homes sold above list price

23.7%

Up from 22%

Share of homes with a price drop

3.9%

+0.4 pts.

Average sale-to-list price ratio

98.3%

+0.4 pts.

Metro-level highlights: Four weeks ending January 7, 2023

Redfin’s metro-level data includes the 50 most populous U.S. metros. Select metros may be excluded from time to time to ensure data accuracy.

Metros with biggest year-over-year increases

Metros with biggest year-over-year decreases

Notes

Median sale price

West Palm Beach, FL (19.1%)

Newark, NJ (17.6%)

Anaheim, CA (16.4%)

Boston (13.1%)

Miami (12.2%)

Austin, TX (-3.3%)

Fort Worth, TX (-3.2%)

San Francisco (-2.5%)

San Antonio, TX (-0.9%)

Philadelphia (-0.1%)

Declined in 5 metros

Pending sales

Milwaukee, WI (12.3%)

Austin, TX (10.6%)

Dallas (10.2%)

San Jose, CA (10%)

Cleveland, OH (7.5%)

New York (-16.1%)

Newark, NJ (-13.4%)

San Diego (-12.2%)

New Brunswick, NJ (-11.9%)

Providence, RI (-10.9%)

Increased in 14 metros

New listings

Phoenix (21.6%)

Austin, TX (20.3%)

Nassau County, NY (19.2%)

Minneapolis, MN (17.7%)

Milwaukee, WI (17.6%)

Atlanta (-12.2%)

San Francisco (-11.2%)

Indianapolis, IN (-7.7%)

Providence, RI (-6.5%)

Newark, NJ (-6.5%)

Declined in 10 metros

To view the full report, including charts, please visit:

https://www.redfin.com/news/housing-market-update-new-listings-demand-up

About Redfin

Redfin (www.redfin.com) is a technology-powered real estate company. We help people find a place to live with brokerage, rentals, lending, title insurance, and renovations services. We also run the country’s #1 real estate brokerage site. Our home-buying customers see homes first with same day tours, and our lending and title services help them close quickly. Customers selling a home in certain markets can have our renovations crew fix up their home to sell for top dollar. Our rentals business empowers millions nationwide to find apartments and houses for rent. Customers who buy and sell with Redfin pay a 1% listing fee, subject to minimums, less than half of what brokerages commonly charge. Since launching in 2006, we’ve saved customers more than $1.5 billion in commissions. We serve more than 100 markets across the U.S. and Canada and employ over 4,000 people.

For more information or to contact a local Redfin real estate agent, visit www.redfin.com. To learn about housing market trends and download data, visit the Redfin Data Center. To be added to Redfin’s press release distribution list, email [email protected]. To view Redfin’s press center, click here.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240111614661/en/

Contact Redfin

Redfin Journalist Services:

Kenneth Applewhaite, 206-414-8880

[email protected]

Source: Redfin

Released January 11, 2024

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : RedFin – https://investors.redfin.com/news-events/press-releases/detail/1029/redfin-report-the-new-year-brings-an-uptick-in-early-stage

Tags: businessRedfinReport
Previous Post

Biden-Harris Administration Announces Awards to Increase Access to Clean, Affordable Domestic Biofuels as Part of President Biden’s Investing in America Agenda

Next Post

The GOP blocked more US aid to Ukraine weeks after Republicans blasted Biden for not doing enough to help the country

JioHotstar taps influencers to turn Wimbledon into a lifestyle experience for India’s young consumers – MSN

How JioHotstar Is Transforming Wimbledon into a Lifestyle Experience for India’s Youth Through Influencers

July 21, 2025
Porsche CEO seeks fresh cost cuts, warning business model ‘no longer works’ in post-Trump, new China world – Fortune

Porsche CEO seeks fresh cost cuts, warning business model ‘no longer works’ in post-Trump, new China world – Fortune

July 21, 2025
The economy is turbulent for influencers, too — here’s how you might see it online – NPR

How Today’s Turbulent Economy Is Transforming the World of Influencers-and What It Means for Your Online Experience

July 21, 2025
Tom Troupe, prolific star of the stage and screen, is dead at 97 – Los Angeles Times

Legendary Stage and Screen Star Tom Troupe Passes Away at 97

July 21, 2025
Mayo’s Alzheimer’s blood test research, Baptist’s leadless pacemaker top Healthful News – The Florida Times-Union

Revolutionary Breakthroughs in Alzheimer’s Blood Tests and Leadless Pacemakers Transform Healthcare Forever

July 21, 2025
Politics | Jul 19th 2025 Edition – The Economist

Politics | Jul 19th 2025 Edition – The Economist

July 21, 2025

Defence Holdings PLC Transitions from Esports to Pioneering Defence Technology

July 21, 2025
Fanatics aided criminal investigation into sports memorabilia dealer. The dealer was later found dead. – The Athletic – The New York Times

Fanatics Helped Crack Sports Memorabilia Case Before Dealer’s Mysterious Death

July 21, 2025
Architecture Students’ Project Selected for Royal Academy Exhibition – Syracuse University News

Syracuse Architecture Students Selected for Prestigious Royal Academy Exhibition

July 21, 2025
Health experts raise alarm over RFK Jr’s ‘war on science’ amid mass firings and budget cuts – The Guardian

Health Experts Sound the Alarm on RFK Jr’s ‘War on Science’ Amid Mass Firings and Budget Cuts

July 21, 2025

Categories

Archives

July 2025
MTWTFSS
 123456
78910111213
14151617181920
21222324252627
28293031 
« Jun    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (731)
  • Economy (755)
  • Entertainment (21,639)
  • General (16,020)
  • Health (9,793)
  • Lifestyle (763)
  • News (22,149)
  • People (756)
  • Politics (764)
  • Science (15,971)
  • Sports (21,252)
  • Technology (15,737)
  • World (738)

Recent News

JioHotstar taps influencers to turn Wimbledon into a lifestyle experience for India’s young consumers – MSN

How JioHotstar Is Transforming Wimbledon into a Lifestyle Experience for India’s Youth Through Influencers

July 21, 2025
Porsche CEO seeks fresh cost cuts, warning business model ‘no longer works’ in post-Trump, new China world – Fortune

Porsche CEO seeks fresh cost cuts, warning business model ‘no longer works’ in post-Trump, new China world – Fortune

July 21, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version