Investor Home Purchases Down 30 Percent
In dollar terms, investors bought $42.4 billion worth of homes in Q3, down from $57.6 billion one year earlier
In dollar terms, investors bought $42.4 billion worth of homes in Q3, down from $57.6 billion one year earlier
Nearly 60,000 home-purchase agreements fell through, equal to a record 17.9 percent of homes that went under contract
The median home sale price has fallen 8.4 percent since reaching an all-time high in June, according to Redfin
Net loss was $90.2 million, compared to a net loss of $18.9 million in the third quarter of 2021
CEO Glenn Kelman said on Wednesday that brokerage was laying off 862 employees
Twenty-nine percent of U.S. single-family homes for sale last quarter were new builds
The latest data marks the largest drop in at least eight years
Redfin reports that new listings suffered the largest declines since May & April 2020
The typical U.S. homebuyer who took out a mortgage in July made a $62,500 down payment
The average monthly mortgage payment has climbed $337 over the past six weeks
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