Tag Archives: Redfin

A combination of increased inventory and rising rates will play a role in weakening the housing market over the next 12 months.

Home prices ticked up unseasonably and fast sales became more common in October. Here’s why “FOMO” is a factor in the current red-hot housing market.

The number of homes sold categorized as the most affordable jumped 13% last quarter on a year-over-year basis.

Data shows that people are looking to move away from large cities and major job centers as an increasing number of jobs go remote.

In a time of the year when the market typically slows, a new report from Redfin found that 33% of homes sell within a week of hitting the market—a number that has been on the rise for the last six weeks.  ...

Month-over-month, contract signings fell 2.3% in September from August, and slid 8% year-over-year, as NAR reports nominal house price growth has been outpacing house-buying power with rates on the rise.

Bouncing back after a summer slowdown, the demand for second homes was up 60% from pre-pandemic levels in September, an uptick from July's 40% increase, but still below March's record growth.

A new analysis from Redfin found that, for the fifth consecutive month, bidding wars declined, despite continued demand fueled by an ongoing shortage of homes for sale.

The pace of the housing market has accelerated at a time when it typically slows, as 44% more homes are pending sales than at this time in 2019.

Supply chain issues for builders has contributed to a severe lack of inventory, which restricted home sales in September.