Homebuyers Are Coming Back To The Market After The Fed's Interest Rate Cut, Redfin Says
KEY TAKEAWAYS More homebuyers are returning to the housing market, inspired by the Federal Reserve's recent rate cut.Homebuyers locked in nearly 70% more mortgages on Sept. 23 than the month prior, and mortgage-purchase applications rose by 10% compared to last year following the rate cut.
Redfin: Rising On Rate Cuts
Redfin is well-positioned to benefit from a rebound in home sales, even if this process takes longer than expected. Explore more details here.
Buyers Usher Into Market After Rate Cut
While reports on August home sales came back weak, Redfin predicts that the wave of homebuyers is just about ready to break loose after the Federal Reserve’s 50-basis point increase last week.
What does the Fed interest rate cut mean for home buyers, sellers in Appleton, Green Bay?
The current 15- and 30-year fixed mortgage rates have dropped to 5.15% and 6.09%, respectively, according to a weekly Freddie Mac survey.
How rate cuts impact the housing market
Don Peebles, Peebles Corp chair and CEO, joins 'Power Lunch' to discuss Peebles' thoughts on the Federal Reserve's moves, why they may need to do more, and if the economy needs a series of bigger rate cuts still.
What Fed Rate Cuts Mean for Your Money
The American economy is having a bit of a crisis in 2024. Many people are finding it hard to make ends meet, with prices of things like groceries at an all-time high.
Redfin Remains Troubled
Redfin's soaring share price does not justify its poor financial performance and ongoing losses, making it a risky investment ...
The housing market just saw its biggest August logjam since before the pandemic
Redfin also said that more than 20% of homes on the market got a price cut in August, the highest share for an August in five ...
Buyers need six-figure salaries to purchase a home, but signs of improved affordability are emerging
The data, from real estate firm Redfin, found that falling mortgage interest rates have lowered the annual income needed to ...
Income needed to buy a home falls for first time since 2020: Report
The annual income buyers need to afford a house fell for the first time since 2020, driven by the first annual decline in ...
Buying a home just got more affordable for the first time in 4 years
Home affordability just improved amid a fall in mortgage rates, but don't expect further easing from the Fed to bring rates ...
The housing crisis remains, but there are some signs of improvement
The data, from real estate firm Redfin, found that falling mortgage interest rates have lowered the annual income needed to ...
Redfin's Options Frenzy: What You Need to Know
Looking at options history for Redfin RDFN we detected 11 trades. If we consider the specifics of each trade, it is accurate ...
FloridaRealtors.org1d
Mortgage Demand, Home Tours Up
Mortgage-rate locks rose 68% from a month earlier in the days after the Fed announced its interest-rate cut. Many house ...
Americans Are Coming Back to the Housing Market After the Fed's Rate Cut, Redfin Says
Homebuyers are finally returning to the housing market after the Federal Reserve cut interest rates for the first time in ...
Redfin Reports Asking Rents for New Apartments Drop 6% to Lowest Level Since 2022, as Finished Buildings Soar
Asking rents for newly constructed apartments fell to $1,746 in the second quarter, down 6.2% from a year earlier to the ...