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Condo Prices Down 1.4% in June, Sales Down 31%, But Demand Is Ticking Up

Condo Prices Down 1.4% in June, Sales Down 31%, But Demand Is Ticking Up

Condo sale prices nationwide dropped 1.4% year over year to a median of $252,000 in June, the second consecutive month of drops after nearly two years of rising prices. Price growth for condos had reached a three-year high in January with a[...]
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Survey: Almost Half of Recent Homebuyers Made an Offer Sight-Unseen, the Highest Share on Record

Survey: Almost Half of Recent Homebuyers Made an Offer Sight-Unseen, the Highest Share on Record

Almost half (45%) of people who bought a home in the past year made an offer on a property that they hadn’t seen in person, the highest share since at least 2015, according to a Redfin-commissioned survey in May and June of more than 1,400[...]
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Home Sellers’ Asking Prices up 13% from Last Year as Demand Keeps Soaring

The U.S. housing market was unseasonably strong during the four-week period ending July 12. Listing prices were up 13% year over year to an all-time high of $328,500. Closed sale prices, which lag listing prices, were also up 6%. Home[...]
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Pending Home Sales Retreat Even as Mortgage Rates Dip to New Low

Pending Home Sales Retreat Even as Mortgage Rates Dip to New Low

The housing market closed out the month of June on somewhat uneven footing as pending sales pulled back slightly despite another record low for mortgage interest rates. For the week ending June 28 pending home sales decreased 8.2%[...]
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Prices of Affordable Homes Have Jumped 5.5% During the Pandemic

Prices of Affordable Homes Have Jumped 5.5% During the Pandemic

Prices of the most affordable third of homes in the U.S. climbed 5.5% year over year during the 12 weeks ending May 31, while prices of the most expensive third of homes increased just 2%.This is according to an analysis that divided all U.S.[...]
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