iBuyers Have Arrived in the Northeast. But Will They Thrive?
RedfinNow, Redfin’s iBuying service, recently arrived just across New Hampshire’s southern border. But the move’s biggest impact, for now, could be to boost the discount brokerage’s market share among open-market home sales. Redfin is starting small with...
1 in 5 Think Climate Change Hurts Their Home’s Value
A new report from Redfin finds that 21 percent of the of 2,000 Americans the company surveyed believe the increasing frequency or intensity of natural disasters, extreme temperatures and/or rising sea levels are hurting home values in their area. A comparable share –...As Resort Towns Flourish, Lending Tightens
As the market for vacation homes continues to forge ahead at an almost unprecedented pace, the two major suppliers of financing funds have put a lid on the number of mortgages for such properties they will buy from primary lenders. As of April 1, Fannie Mae and...
Second-Home Mortgage Applications Surged in January
A new analysis of nationwide mortgage application data shows just how much demand for vacation homes has grown during the pandemic. Using mortgage rate-lock data from real estate analytics firm Optimal Blue, Redfin economists estimate that mortgage applications for...This Week’s Paper: Digital Edition
