What Slowdown? Homebuyer Demand Hits Three Year Peak

Home prices have fallen a bit in recent weeks thanks to increasing inventory and buyer sticker shock, but expectations of a cooling market may be premature. A new report from Redfin found that early homebuyer demand reached its highest point in at least three years during the four-week period ending September 19. The report showed other housing market measures slowing at a normal rate for the end of summer. Pending sales fell 12% from their 2021 peak, and the number of homes selling above their list price fell. Time on market rose to 20 days. Asking prices also rose 2.4%. While that’s typical for September, the number itself is not: the median asking price rose 11% year-over-year to $359,724, an…

Hello, Idaho. Adios, Jersey. Where We Moved In 2020

Americans packed up the moving vans and fled New Jersey and New York at a higher rate than any other state in 2020, with the U.S. migration patterns continuing to be to the West and South, according to the annual United Van Lines national migration study released Monday. The study, which tracks moves using United Van Lines, found that Idaho was the highest percentage of inbound migration at 70 percent. New Jersey led the way for outbound traffic for the third straight year, with 70 percent leaving – followed by New York and Illinois (both at 67 percent). “United Van Lines’ data makes it clear that migration to western and southern states, a prevalent pattern for the past several years,…