Posts by Liz Hughes

Home values rise 25% above what’s affordable

Chicago home values have also rose above affordability...

Home sales, listings take biggest hit on record

The only other time the market saw such change was at the beginning of the...

Housing market hit hard as mortgage rates reach 20-year high, inflation woes grow

Mortgage rates rose to 6.9%, the highest they’ve been since April...

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 Chicago, 41.9% 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...

New Subscribe

  • This field is for validation purposes and should be left unchanged.