Posts by Liz Hughes

Risk of flooding influencing homebuyer decisions

The analysis found an increase in mortgage denials and in potential borrowers withdrawing mortgage applications in areas with an elevated risk of flooding....

Mortgage payments up 15% since mid-August

Market volatility is causing more and more homebuyers to delay or cancel plans to make a purchase....

Overvalued markets increasing as mortgage rates rise

Rising mortgage rates have led to a substantial increase in the number of markets considered...

Homebuyers face most volatile mortgage rates in 35 years

Mortgage rates continue to fluctuate by nearly half a percentage point every month, leaving homebuyers facing the most volatile three-month period they’ve seen since...

Bidding wars fall to lowest level since April 2020

In Phoenix, 26.4% of Redfin offers faced competition in...

Sellers lose the upper hand as mortgage rates rise

The housing market is starting to become more balanced....

Homes now selling below asking price

Mortgage applications, pending sales, new listings and overall inventory saw large declines in...

Home sales drop to lowest level since mid-2020

Buyers who are still in the game are finally getting a break from bidding...

Homebuyer competition falls in Phoenix and nationally

Phoenix had the lowest rate of homebuyer competition in...

Mortgage rates fall to four-month low as buyers return to market

Homebuyers may catch a break this month as rates have come down nearly a point from the recent high on fears of a...

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