National property broker Redfin that 44.6% of home offers written nationwide by agents faced competition in August 2022, the lowest bidding-war rate since the beginning of the pandemic when the housing market nearly ground to a halt. It's down from 63.5% a year earlier and a revised rate of 47.2% in July and marks the seventh-straight monthly decline.
According to the National Association of Realtors, existing-home sales in the U.S. experienced another dip in August 2022, marking the seventh consecutive month of declines.
National broker Redfin reports that as U.S. mortgage rates reach 6 percent, seasonally-adjusted new listings of homes for sale have fallen 8% from July to August 2022 to their lowest level since May 2020, when the housing market was paralyzed by the onset of the COVID-19 pandemic. Prior to the pandemic, we hadn't seen so few homes hit the market since November 2012.
According to the Mortgage Bankers Association's latest Commercial/Multifamily Delinquency Report, U.S. commercial and multifamily mortgage delinquencies declined in the second quarter of 2022.
According to national property broker Redfin, nearly one-third (31.4%) of U.S. home purchases were paid for with all cash in July 2022. That's near the eight-year high reached in February and up from 27.5% a year earlier. The share of all-cash purchases jumped in early 2021 during the pandemic-driven homebuying frenzy and has remained elevated since then.
Posted on September 21, 2022
Posted on September 20, 2022
Posted on September 12, 2022
Posted on September 09, 2022
Posted on September 02, 2022
Posted on August 30, 2022
Posted on August 26, 2022