U.S. Home Prices up 5.4% in October
U.S. home-sale prices increased 5.4%year over year in October to a median of $313,200 across the 217 metros Redfin tracks.
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If There’s a Recession, Will the Housing Market Crash?
Chief economist, Daryl Fairweather, provides answers to frequently asked questions about how a recession could impact housing.
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New-Home Sales Up 5.6% in the Third Quarter
New-home sales are up 5.6% year over year, prices are down 1.5% and supply is down nearly 8%.
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National Bidding War Rate Hit a 10-Year Low in October
Nationally, just 10 percent of offers written by Redfin agents on behalf of their homebuying customers faced a bidding war in October
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Income Gains and Rent Increases Follow Rail Transit
Improving transit access to a neighborhood does not lead to a significant decrease in minority populations, even as incomes and rents rise faster than similar neighborhoods without convenient transit.
The post Income Gains and Rent Increases Follow…
Luxury Housing Market Stabilized in the Third Quarter After a Weak First Half
With sales up and supply down, the luxury market moderated after the first two quarters were marred by nerves about an impending recession.
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Homeowners are Staying in Their Homes Five Years Longer Compared to 2010, Leaving First-Time Homebuyers with Fewer Options
In Dallas, the typical homeowner has been in their home for 22 years, up from 13 years in 2010 The typical American homeowner in 2019 had spent 13 years in their home, up from eight years…
Los Angeles, Orange & Santa Clara Counties Are at Risk of Losing More Than $2 Trillion Worth of Housing Value Due to Wildfires
Redfin agents say California residents are finally starting to move away from wildfire-prone areas to buy homes in safer regions.
The post Los Angeles, Orange & Santa Clara Counties Are at Risk of Losing More Than…
Home Sales Little Changed in September
U.S. home-sale prices increased 4.6 percent year over year in September to a median of $308,800 across the 217 metros Redfin tracks.
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Survey: Homebuyers and Sellers Feel That Rising Home Prices Have Made Their Lives Worse
Nearly half of respondents said rising home prices over the past decade have made their life worse, while just 16% said rising home prices made their life better. As cities across the country grapple with an…