1 in 5 successful offers waived the inspection contingency in June as bidding wars intensified amid a deepening housing shortage and record-low interest rates
The post 20% of Winning Home Offers Waived the Inspection Contingency in June,…
The U.S. housing market was unseasonably strong during the four-week period ending July 12.
The post Home Sellers’ Asking Prices up 13% from Last Year as Demand Keeps Soaring appeared first on Redfin | Real Estate Tips…
For the first time, home sales are higher than before the pandemic due to low mortgage rates. With low inventory, homes sell fast and prices rise.
The post Home Sales Exceed Pre-Pandemic Levels for the First Time…
The housing market closed out the month of June on somewhat uneven footing as pending sales pulled back slightly despite another record low for mortgage interest rates.
The post Pending Home Sales Retreat Even as Mortgage Rates…
Record-low mortgage interest rates below 3% drove pending sales to increase again, nearly to 2019 levels.
The post Pending Home Sales Approach 2019 Levels, Powered by Record-Low Mortgage Rates appeared first on Redfin | Real Estate Tips…
Prices of the most affordable third of homes in the U.S. climbed 5.5% year over year during the 12 weeks ending May 31, while prices of the most expensive third of homes increased just 2%.
The post…
The impact of the coronavirus shutdowns on homebuyer demand has so far been short and muted, even in some of the cities that have been the hardest-hit by unemployment during the recession.
The post Homebuying Demand Rebound…
Web searches for single-family homes have popped as the coronavirus pandemic has turned privacy into a hot commodity.
The post Interest in Single-Family Homes Hits Four-Year High appeared first on Redfin | Real Estate Tips for Home…
While sellers have started to jump back into the market as states across the country reopen, there remains a shortage in houses for sale, which is fueling bidding wars.
The post Bidding Wars Climb in May…
Homebuyer demand is now 25% above pre-pandemic levels. Redfin agents report bidding wars are “bananas” with homes “flying off the shelves.” Sale prices are up 3.1%; asking prices are up 9.9%.
The post Homebuying Demand Just Keeps…