Items Tagged with 'Daryl Fairweather'


  • Redfin: A lack of housing supply is slowing home-sale growth

    In May, home sales rose only 2.5% from the previous year
    In May, home-sale growth continued to lag, highlighting a slowdown in inventory, according to new data from Redfin. Redfin Chief Economist Daryl Fairweather said although recent surges in mortgage applications reflect heightened homebuyer demand, a lack of inventory continues to prevent growth.
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  • Redfin: Lackluster home price growth eases housing market competition

    Prospective homebuyers are the real winners
    In February, home sales increased only 0.6% from last year, marking the smallest annual increase since March 2012, according to new data from Redfin. Chief Economist Daryl Fairweather said since homes are now sitting on a less competitive market, first-time homebuyers now have a better chance of winning a home.
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  • Here's where homeowners are relocating

    American homeowner migration ticked up in Q4 of 2018
    According to Redfin’s latest migration analysis, 25% of home searchers looked to relocate to another metro in the fourth quarter of 2018. This percentage is a slight increase from 23% in 2017, and now sits as the highest recorded level in Redfin history. Read to find out where homeowners are heading.
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  • Report: New home sales plummeted at end of 2018

    Northeast region experienced most significant decline
    In the last two months of 2018, new home sales in all four major regions fell, according to the latest data from Redfin. Redfin reports the most dramatic decline was seen in the Northeast region, where sales of new homes fell by 16.1% in December alone.
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  • Redfin: Home price growth reaches 6-year low

    New home sales fall 11% from previous month
    In December, home sales climbed 1.2% year-over-year, marking the smallest increase since March 2012, according to new data from Redfin. Redfin Chief Economist Daryl Fairweather said December may feel like a foot on the brake, but the housing market was going over the speed limit.
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  • Is lack of affordability triggering an exodus from coastal markets?

    Redfin data suggests homeowners are relocating to less expensive inland markets
    As mortgage rates continue to climb in expensive coastal cities, more and more people are migrating to affordable markets, according the latest data from Redfin. Redfin Chief Economist Daryl Fairweather said buyers are increasingly cost-conscious, and seeking more affordable homes in low-tax states in the South and middle of the country.
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  • Redfin hires behavioral economist from Amazon

    Daryl Fairweather joins real estate brokerage
    Real estate brokerage Redfin announced Daryl Fairweather has joined the company as its chief economist. The company explained that Fairweather, who joins the company from Amazon, will work closely with Redfin's business leaders and agents to better understand the behavior and mindset of homebuyers and sellers.
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