Home prices typically decline this time of year after hitting a seasonal peak in late June or early July. This year, as of the four weeks ending August 9, home prices were up 3.5% month over…
Just 6% of homes held open houses during their first week on the market in July, down from 16% a year earlier as fears around the coronavirus pandemic persist
The post Just 6% of Homes Held Open…
The national median home price rose 8.2% year over year to an all-time high of $323,800 in July, as low rates drove a spike in early homebuyer demand.
The post Home Prices Up 8% as Supply Fell…
Trying to buy a home today is starting to feel similar to searching for hand sanitizer or toilet paper in the early days of the coronavirus pandemic…
The post Homes Flying Off Market at Record Pace—46% Accept…
54% of Redfin offers faced bidding wars last month amid record-low mortgage rates and an acute shortage of homes for sale.
The post Bidding Wars Hold Steady in July, With Over Half of Redfin Offers Encountering Competition…
Key takeaways for the 4-week period ending July 26: Pending home sales were up 12% year over year, an increase from the 7% year over year gains we reported for the period ending July 12. 30-year…
Almost half of surveyed homebuyers said they made a bid on a home without seeing it in person, up from 28% in 2019, amid pandemic fears and competition driven by a worsening housing shortage
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Many renters who were planning a purchase in the next few years, have opted to go ahead and buy now given historically low rates.
The post Homeownership Hits Highest Level Since 2008 Driven by Younger, First-Time Buyers…
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…