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Inventory keeps contracting as higher rates deter sellers: Redfin

SEATTLE, Aug. 13, 2018 /PRNewswire/ — (NASDAQ: RDFN) — Luxury home prices rose 5.2 percent year over year to an average of $1.9 million in the second quarter of 2018, according to Redfin (www.redfin.com), the next-generation real estate brokerage. This is.

The luxury residential market is mostly immune to rising mortgage rates, which means the Federal Reserve. and Smoke said the luxury housing market experienced significantly higher inventory levels.

Here are the key strategies to keep in mind when selling your condo. 1. Review the DOM range for comparable condos short for "days-on-market," DOM measure the days that a real estate property is on.

 · Why Your Home May Not Be Selling, Even in a Seller’s Market.. while the homes around them go into contract within days.. “If the house is priced right, it will sell, regardless of its condition,” says Pierre Shaheen, a Redfin agent in Hollywood, Florida. “Usually when the property doesn’t sell in a hot market, it’s the way the.

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Redfin says Tacoma is the nation’s hottest housing market. The report cites Seattle’s continued high real estate prices for the not-so-sudden popularity. It also points to the area’s tight.

Declining mortgage rates drive refis and new-home purchases

Top 60 Reviews and Complaints about Redfin – I listed our home with Redfin. The seller’s agent receives a salary & did not advocate for me at all with buyers. I had to write the MLS listing & got the worst advice & service. They are not helpful.

Foreclosure activity is at the lowest level in over a decade Inventory keeps contracting as higher rates deter sellers: Redfin Homes this spring are selling faster than ever – Homes are flying off the shelves this spring. mortgage rates of the year. Home sales jumped nearly 9 percent in March compared with March 2016, even as the number of.

Good/Bad Housing Markets In 2014 May Be a Surprise

Redfin's (RDFN) CEO Glenn Kelman on Q4 2017 Results. – In 2012 when the market first swung sharply in seller saver reducing the number of buyers supported by each Redfin agent increased our customers’ success rate. We saw the same correlation in 2017.

Top-heavy housing market is crowding out the little guys

"Contract signings rebounded in most areas in February, but the gains were not large enough to keep up with last February’s level, which was the second highest in over a decade (112.1)," said NAR chief economist Lawrence Yun.