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2020 Housing Market Forecast: More Buyers, Fewer Homes for Sale

2020 Housing Market Forecast: More Buyers, Fewer Homes for Sale

The U.S. housing market is off to a strong start in 2020 as a deepening shortage of homes for sale and surging homebuyer demand are set to push prices up at the fastest rate in years. Buyers may be coming out of winter hibernation early, but so[...]
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Housing Markets That Changed the Most This Decade

The U.S. housing market is ending the decade in a vastly different place than it began. In 2010, the market was in the middle of its greatest downturn in history: Home values were plummeting and the share of mortgages in delinquency was at an[...]
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Home Prices Increased 5% in November Amid Rapid Decline in Number of Homes For Sale

Home Prices Increased 5% in November Amid Rapid Decline in Number of Homes For Sale

U.S. home-sale prices increased 5.2% year over year in November to a median of $311,600 across the 217 metros Redfin tracks. The increase was the largest since July 2018, when home prices were up 5.6% from a year earlier. Home prices were[...]
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iBuyers Purchased Over 10% of Homes in 8 Neighborhoods This Year

iBuyers Purchased Over 10% of Homes in 8 Neighborhoods This Year

iBuyers have purchased more than one out of every 10 homes sold so far this year in a handful of neighborhoods, cities and towns. These hotspots are mostly clustered in North Carolina and Arizona. Eight neighborhoods—in Phoenix,[...]
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Bidding Wars Remain at 10-Year Low in November

Bidding Wars Remain at 10-Year Low in November

Just 10% of offers written by Redfin agents on behalf of their homebuying customers faced a bidding war in November, down from 29% a year earlier and hovering at the 10-year low for the 5th consecutive month. This rate is likely to remain low[...]
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