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Top related persons:
Heather Mahmood - 2 Corley - 2 Redfin - 1 It's - 1 ” - 1 Taylor Marr - 1 “ - 1 Marr - 1
Top related locs:
Scottsdale Tempe West Washington “ California San Jose Oakland
Top related orgs:
Business - 1 DC CNN - 1 Redfin - 1 “ - 1 . Workers - 1

Search resuls for: "Heather Mahmood"


3 mentions found


☆ Luxury homes are more expensive than ever as the wealthy buck high mortgage rates
  + stars: | 2024-01-31 | by ( Aruni Soni | ) www.businessinsider.com   time to read: +2 min
Luxury home prices have hit an all-time high, rising at twice the pace of non-luxury homes, Redfin wrote in a report on Wednesday. "Luxury prices are rising at twice the rate of non-luxury prices largely because so many affluent buyers are able to buy homes in cash, rendering today's elevated mortgage rates irrelevant," the release stated. "A lot of luxury buyers are coming in with cash, snapping up expensive homes," a Redfin Premier agent, Heather Mahmood-Corley, said. It's also that the supply of luxury homes is still low, driving up competition and pushing bid prices higher. The total number of luxury homes on the market also rose by 13%.
Persons: Redfin, Heather Mahmood, Corley, It's Organizations: Business Locations: Scottsdale, Tempe, West
☆ Just 1% of all US homes changed hands so far this year
  + stars: | 2023-07-19 | by ( Anna Bahney | ) edition.cnn.com   time to read: +3 min
Washington, DC CNN —Just 1% of all US homes changed hands in the first half of this year, the lowest share in at least a decade, according to data from Redfin. Just 11 of every 1,000 two-and three-bedroom urban homes have changed hands in 2023. Only 6 of every 1,000 homes in San Jose have sold so far in 2023, similar to the low turnover rates in Oakland and San Diego. The turnover rate shrank most from the pre-pandemic years in the suburbs, with 16 of every 1,000 four-bedroom or more suburban houses changing hands so far this year, two-thirds as many as 2019. That’s not happening, because so many of those homeowners have low mortgage rates.”
Persons: ”, Taylor Marr, “, Marr, Heather Mahmood, Corley Organizations: DC CNN, Redfin, “, . Workers Locations: Washington, “, California, San Jose, Oakland, San Diego, Nashville, Austin, Newark , New Jersey, Phoenix
☆ There's an unusual decline in housing inventory that's preventing home prices from falling further
  + stars: | 2023-04-28 | by ( Phil Rosen | ) www.businessinsider.com   time to read: +2 min
New listings of homes for sale are down more than 20% nationwide, according to Redfin. "The lack of new listings is driving an unseasonal decline in the total number of homes for sale." Nearly half of homes on the market sell within two weeks, the highest portion in almost a year. "The lack of new listings is driving an unseasonal decline in the total number of homes for sale." "High mortgage rates have caused some homebuyers to bow out of the market," Redfin deputy chief economist Taylor Marr said.
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