84,350 single-family homes and condominiums in the United States were flipped in the second quarter of 2023. Those transactions represented 8 percent, or one of every 13 home sales, during the months running from April through June of 2023.
According to the National Association of Realtors newly released 2023 Member Profile, amid a significant shortage of housing supply in 2022, 32% of Realtors named a lack of inventory as the most important factor limiting potential clients from making a purchase.
According to a new report from national property broker Redfin, the total number of U.S. homes for sale dropped 6% from a year earlier during the four weeks ending June 11, 2023, the biggest decline in 13 months.
According to Redfin, more than nine of every 10 (91.8%) U.S. homeowners with mortgages have an interest rate below 6%. That is down just slightly from the record high of 92.9% hit in mid-2022.
Based on Freddie Mac's latest Primary Mortgage Market Survey, the 30-year fixed-rate mortgage (FRM) averaged 6.79 percent as of June 1, 2023.
Posted on May 09, 2023