Fewer people are moving, but those who are seek new communities
The latest Redfin report finds that while moving is down overall, a higher percentage of those who move are relocating to other parts of the U.S.
May 26, 2023
Dave Gallagher
Director, News Reporting
Dave's journalism career spans 24 years covering business, the economy and real estate in Northwest Washington. He's also a numbers nerd, examining data to spot emerging trends in industries. Having started his career as a sports writer, he's a lifelong baseball and soccer fan and recently discovered pickleball. He grew up in Yosemite National Park and earned his journalism degree at Humboldt State University in northern California.
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- In a slow market, more sellers are willing to make a dealA Redfin report found that nearly 43% of home sellers made concessions in the early spring, a big jump from 26% a year ago.May 26, 2023
- Mortgage rates rise amid debt ceiling dramaThe 30-year fixed-rate mortgage rose to 6.57%, according to Freddie Mac’s weekly survey, while a daily survey put rates above 7%.May 25, 2023
- Big ups, big downs widen the home price gap across the U.S.A new Redfin report found that the difference in home price growth (or declines) among metro areas is nearly the largest it's been in three decades.May 24, 2023
- Newly built homes a hot commodity for spring buyersAs existing home listings have fallen, the inventory of new homes has increased — and prices have dropped — making them an attractive option.May 23, 2023
- Homebuying trends and motivations in the LGBTQ+ communityA new report helps agents better understand the preferences, drivers and challenges for LGBTQ+ buyers.May 19, 2023
- Why slowing rent growth is a good sign for the economy, future buyersRent growth was up just 0.3% YoY in April and is falling below inflation and wage growth, which "suggests better times ahead for the U.S. economy."May 19, 2023
- Mortgage rates inch upward but remain relatively stableThe 30-year fixed-rate mortgage has teetered between about 6.3-6.4% in recent weeks, a possible sign that rates are leveling out.May 18, 2023
- Where can buyers find affordable suburbs? Try the East CoastA new study found that homes within 30 miles of expensive metros can offer significantly lower prices.May 17, 2023
- Where buyers and sellers are finding common groundA new survey by Opendoor found that a high percentage of home buyers and sellers are willing to make some concessions in order to close a deal.May 17, 2023
- Builders growing more confident heading into the summer monthsAfter a year of declining confidence in 2022, homebuilder optimism is on the rise, driven by buyer demand that is outpacing the supply of existing homes.May 16, 2023
- Get ready, say MLS leaders — change is comingCEOs from five of the country's largest MLSs discussed the challenges (and progress) in making MLS organizations more efficient and collaborative.May 12, 2023
- Why RE/MAX's CEO isn’t worried about the market (but hates a cluttered inbox)President and CEO Nick Bailey — a 30-year industry veteran — takes a long-term perspective on real estate, and he already sees positive shifts.May 11, 2023
- FHFA decides to scrap new debt-to-income ratio feesThe fees, which were scheduled to go into effect on Aug. 1, were opposed by industry groups including NAR and the Mortgage Bankers Association.May 10, 2023
- The next wave of agents looks familiar, but …Brokerage leaders expect agents to be more tech-savvy than ever before, bringing new skills that enhance traditional approaches to buying and selling homes.May 10, 2023
- Compass loses $150 million, but finds reasons for optimismWith the rollout underway for its end-to-end transaction platform, and agent count up, Compass projects that it will be cash-flow positive next quarter.May 9, 2023
- How tech is making buying easier — and where it needs to goIs it possible to create an end-to-end buying and selling solution? Should we give iBuying a second look? Tech leaders discuss these questions and more.May 9, 2023
- How the industry looks to leaders who have stepped awayIn a panel discussion, former CEOs of some of the largest real estate companies talked about remote work, AI and more.May 6, 2023
- Redfin revenue down by nearly half, but better than expectedRedfin CEO Glenn Kelman says the company is ‘leaner, hungrier’ and ready for when the real estate market rebounds.May 4, 2023
- Mortgage rates dip slightly, but economic concerns growThe 30-year mortgage rate averaged 6.39% this week, down from 6.43%, but the decline has not spurred an increase in mortgage applications.May 4, 2023
