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Top related persons:
Dana Anderson - 2 — - 1 Redfin - 1 Freddie Mac - 1
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That's Providence , Milwaukee Miami Fort Lauderdale Redfin U.S
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Federal - 1 Service - 1 National Association of Realtors - 1 Business - 1 Cincinnati - 1 NSA - 1

Search resuls for: "Dana Anderson"


3 mentions found


☆ Spiking mortgage rates are pricing poorer Americans out of the housing market – with a third of all homes bought in cash, Redfin says
  + stars: | 2023-11-17 | by ( George Glover | ) www.businessinsider.com   time to read: +2 min
Mortgage rates have soared north of 7% in recent months, driven higher by the Federal Reserve's war on inflation. One-in-three homebuyers are paying all-cash rather than taking out a mortgage, according to data from Redfin. AdvertisementMore than a third of homes are being bought in cash, according to data from Redfin, with low affordability and high mortgage rates pricing poorer Americans out of the housing market. That's a sign that wealthier Americans are making up a greater share of homebuyers with sky-high mortgage rates pricing out the rest of the population, Redfin said. Existing homeowners have also opted to cling to the historically low mortgage rates they locked in over the last 15 years.
Persons: —, Redfin, Dana Anderson, Freddie Mac Organizations: Federal, Service, National Association of Realtors, Business Locations: That's
☆ 5 US cities seeing the biggest home price gains and the 5 suffering the steepest declines as some pockets of the market become red-hot again, according to Redfin data
  + stars: | 2023-07-02 | by ( William Edwards | ) www.businessinsider.com   time to read: +2 min
US home prices are now down only 0.9% from this time last year, Redfin reports. The housing market continues its momentum, with home prices up every month since February. After falling 5% between June 2022 and January 2023, home price are now down just 0.9% year-over-year, according to Redfin data published Thursday. "Home-price declines are shrinking," said Dana Anderson, a data journalist at Redfin, in the report. Below, we've listed the five cities that have seen the biggest year-over-year price growth, as well as the five cities that have seen the steepest declines, according to Redfin.
Persons: Dana Anderson Organizations: Cincinnati, NSA Locations: Providence , Milwaukee, Miami, Fort Lauderdale, Redfin, U.S
☆ Buying a home is only going to get harder this spring as hopeful house hunters get thwarted by fewer options and still-high prices
  + stars: | 2023-03-28 | by ( Alcynna Lloyd | ) www.businessinsider.com   time to read: +4 min
But buyers won't have many homes to pick from, which can lead to competition that keeps prices high. Owners are reluctant to sell because they would have to give up locked-in low mortgage rates. Considering growing expectations that the Federal Reserve will stop, or even reverse, its benchmark rate hikes this year, mortgage rates may fall further in the weeks to come. Owners happy with their homes and low, locked-in mortgage rates, aren't moving much. More competition, or demand, for a smaller number of homes, or supply, usually keeps prices high.
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