The coronavirus pandemic may be accelerating migration patterns that were already in place: Movement away from high-priced coastal cities to affordable inland areas like Phoenix, Sacramento and Las Vegas.
The post A Record 27% of Homebuyers…
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…
The housing market showed some early signs of recovery in May as new listings and pending sales both increased dramatically from April levels.
The post Home Prices Flat, Other Indicators Suggest the Market is Rebounding from Coronavirus…
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…
Half a century after it was outlawed, the discriminatory housing practice of redlining continues to create a racial wealth gap across the U.S.
The post Redlining’s Legacy of Inequality: $212,000 Less Home Equity, Low Homeownership Rates…
Redfin Chief Growth Officer Adam Wiener shares his weekly update about the impact of the coronavirus on the housing market.
The post Home-Buying Demand Up 22% After Seven Straight Weeks of Increases; Shortage of Homes for Sale…
San Francisco homebuyers are now considering farther-flung suburbs in the Bay Area, where they can get more space for less money, as remote work becomes the norm in the age of coronavirus.
The post As Remote Work…
Four charts that highlight recent developments in the housing market as coronavirus continues to transform residential real estate.
The post The Housing Market’s Road to Recovery in Four Charts appeared first on Redfin | Real Estate Tips…