Redfin agents say the coronavirus pandemic is accelerating migration because it’s causing homebuyers to rethink what they want in a home, with preferences for more space, both indoor and outdoor.
The post More than 27% of…
The national median home price rose 2.8% year over year, reaching an all-time high of $311,300 in June.
The post U.S. Median Home Sale Price up 3% to a New High in June appeared first on Redfin…
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…
54% of Redfin offers faced competition as the supply of homes for sale and mortgage rates continued to fall in June. Single-family homes and townhouses were much more likely than condos to receive multiple bids.
The…
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…
Nationwide, 15.9% of Black Americans who apply for mortgages are rejected, compared with just 7% of white Americans. The gap is even wider in Milwaukee, San Francisco, Detroit and Chicago.
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Momentum in high-end home-price growth changed course with the onset of the coronavirus pandemic, but the latest data shows luxury home prices are starting to rebound.
The post Luxury Home Prices Dropped 2.3% This Spring, Reversing…
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…
Even in Washington, DC, which has the highest Black homeownership rate in the U.S., just 51% of Black families own their home, versus more than 70% of white families. In Minneapolis, Milwaukee and Salt Lake City,…
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%.
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