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Redfin’s 2021 Housing Market Predictions: 14.5 Million Americans Will Move Out of Town, Fueling 10% Sales Growth

Redfin’s 2021 Housing Market Predictions: 14.5 Million Americans Will Move Out of Town, Fueling 10% Sales Growth

The housing market will remain strong through 2021 as the economy recovers from the pandemic-driven recession. In early 2021, homebuyers will remain undeterred by the pandemic, eager to take advantage of sub-3% mortgage rates while[...]
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Home Values Drop 21% From Last Year in Northern California Town Devastated By 2018 Wildfires

Home Values Drop 21% From Last Year in Northern California Town Devastated By 2018 Wildfires

Home values dropped 20.5% in October from a year before to $136,000 in the 95969 zip code in Paradise, California—an area that was devastated by record-breaking wildfires in 2018—a bigger decline than any other zip code in the[...]
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The Housing Market Is Hotter In Counties With Fewer Coronavirus Cases Per Capita

The Housing Market Is Hotter In Counties With Fewer Coronavirus Cases Per Capita

Pending home sales rose 54.1% year over year in U.S. counties with low concentrations of Covid-19 cases during the four-week period ending Dec. 1, outpacing the 45.1% growth in counties with high concentrations of Covid-19 cases.This is[...]
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U.S. Housing Market Will Withstand a Wave of Foreclosures When Forbearance Ends

More than 3.3. million of U.S. homeowners will be on the hook for delinquent payments when mortgage forbearance ends. While some of those homeowners who are overleveraged or unaware of their options will contribute to a wave of[...]
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Housing Market Update: Homebuying Picks Up After Election Week, Pending Sales Up 29% From 2019

Housing Market Update: Homebuying Picks Up After Election Week, Pending Sales Up 29% From 2019

“In early November, few homeowners decided to list amidst all of the uncertainty and anxiety about the election outcome,” said Redfin chief economist Daryl Fairweather. “But that anxiety didn’t stop buyers from scooping up the[...]
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