News

More Than Half of Redfin Offers Faced Bidding Wars For the Sixth-Straight Month In October

More Than Half of Redfin Offers Faced Bidding Wars For the Sixth-Straight Month In October

Nationwide, 56.8% of Redfin offers on homes faced competition in October, little changed from September’s revised rate of 57.4%. While that’s down slightly from the recent peak of 59.3% in August, it represents the[...]
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Housing Market Update: Home Prices Climb 15% Even as Growth in Pending Sales & New Listings Slowed Amid Election Uncertainty

Housing Market Update: Home Prices Climb 15% Even as Growth in Pending Sales & New Listings Slowed Amid Election Uncertainty

“A lot of people spent last week glued to their screens and put off home tours or listing their homes until we got some certainty around the election results,” said Redfin chief economist Daryl Fairweather. “Now that most of the[...]
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Resort Towns Are Becoming Permanent Destinations for Homebuyers Fleeing Big Cities During the Pandemic

Resort Towns Are Becoming Permanent Destinations for Homebuyers Fleeing Big Cities During the Pandemic

Popular second-home destinations including the Jersey Shore, Cape Cod, Lake Tahoe, Palm Springs and Bend, OR are heating up and becoming full-time residences for homebuyers who have the luxury of working remotely as people leave New[...]
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Housing Market Update: 15% Price Growth Shows No Signs of Letting Up

Housing Market Update: 15% Price Growth Shows No Signs of Letting Up

“Some sellers may be waiting until after the election results are certain before they list their homes,” said Redfin chief economist Daryl Fairweather. “But homebuyers are still rushing into the market to take advantage of[...]
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Housing Market Update: Home Prices Up 15%, Year-to-Date Sales On Par with 2019

Housing Market Update: Home Prices Up 15%, Year-to-Date Sales On Par with 2019

“This week the housing market reached a new milestone, with more homes having closed so far this year than by this time last year,” said Redfin lead economist Taylor Marr. “This comes despite the housing market nearly grinding to a[...]
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