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Home-Buying Demand Up 22% After Seven Straight Weeks of Increases; Shortage of Homes for Sale Drives Prices Up 7%

Home-Buying Demand Up 22% After Seven Straight Weeks of Increases; Shortage of Homes for Sale Drives Prices Up 7%

It’s a difficult time to be reporting on the recovery in the housing market while the country grieves over the unjust killings of George Floyd, Breonna Taylor, Ahmaud Arbery and many others. In cities across the nation, Americans[...]
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Shortfall in New Supply of Homes for Sale Felt Most Acutely at the High End

Shortfall in New Supply of Homes for Sale Felt Most Acutely at the High End

Between mid-March and mid-April, the new supply of homes for sale over $1 million fell 29 points from the year prior, according to a new Redfin analysis of listing activity.As of March 15, there were 66,528 homes for sale priced at or above $1[...]
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How the Coronavirus Is Transforming the Housing Market: A Tale of Four Metros

How the Coronavirus Is Transforming the Housing Market: A Tale of Four Metros

To better understand how the coronavirus pandemic is impacting local housing markets across the country, we identified four of the U.S. metropolitan areas that were hit hard by COVID-19 and analyzed how buyers and sellers are reacting.[...]
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Home-Buying Demand Passes Pre-Coronavirus Levels; Inventory Down 24%

Home-Buying Demand Passes Pre-Coronavirus Levels; Inventory Down 24%

In the last five weeks, home-buying demand has come roaring back. For the seven days ended May 10, demand was 5.5% higher than it was before the pandemic, on a seasonally-adjusted basis. The v-shaped recovery in home-buying demand is[...]
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Charting the Trends in the Current Housing Market 

Charting the Trends in the Current Housing Market 

In our weekly market update, Redfin reported home-buying demand continued to recover last week, as states began making plans to begin to reopen businesses. Here are five additional charts that illustrate the latest developments in the[...]
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