Tag Archives: Redfin

For the first time in 15 months, home sales have slowed, as 52% of homes are still selling above their list price as inventory remains restricted in most metros.  

Sellers are listing more homes, but buyers are still snatching them up at a feverish pace. Economists predict the market will remain healthy heading into fall.

Homeowners have an enormous advantage over renters when it comes to accumulating wealth, and this can have substantial consequences. Radian’s Justin Foster and Derek Brummer examine closing the affordability gap.

While the market continues to favor sellers, 432,000 newly listed homes hit the market in August, with once-hotly-contested bidding wars cooling to close out Q3.

While homebuying demand has dipped slightly, pending sales remain 10% above this time last year, according to a new analysis from Redfin.

Affordability, lower property taxes, or proximity to nature, for many, outweigh the dangers of climate-related disasters, but economists warn of increasing risks.

NAR reports that, year-over-year, median home prices rose 17.8% in July, pricing many prospective buyers out of the market.

Real estate economists say the usual factors that slow down home sales each fall are happening—just very gradually.

Demand has softened, a plus for buyers, while still-soaring prices provide equity, a buffer for financially strained homeowners.

Bidding battles are still frequent but slowing, and buyers have even started including appraisal contingencies and requesting repairs again.