News

U.S. Home Sales Post Biggest Increase in More Than 2 Years in August

U.S. Home Sales Post Biggest Increase in More Than 2 Years in August

U.S. home-sale prices increased 2.7 percent year over year in August to a median of $312,200 across the 217 metros Redfin tracks. Home prices have been growing in a tight range between 1 and 3 percent year over year since September[...]
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Together, Homebuyers Who Bought at the Bottom of the Market in 2012 Have Earned $203 Billion in Equity

Together, Homebuyers Who Bought at the Bottom of the Market in 2012 Have Earned $203 Billion in Equity

People who bought a home the year prices bottomed out have earned a median $141,000 or 261% in home equity. Homeowners in Tacoma, Washington and Virginia Beach saw the biggest percent increases in home equity since 2012. People who[...]
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10% of Redfin Offers Faced Bidding Wars in August, a New 8-Year Low

10% of Redfin Offers Faced Bidding Wars in August, a New 8-Year Low

San Francisco, San Diego and Las Vegas were the most competitive housing markets in August, but local buyers were far less likely to face a bidding war than last summer.  Just 10.4 percent of offers written by Redfin agents on behalf of[...]
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Home Prices Up 3 Percent in July as Supply Fell 3 Percent—The Largest Decline in a Year

Home Prices Up 3 Percent in July as Supply Fell 3 Percent—The Largest Decline in a Year

U.S. home-sale prices grew at a steady 3.3 percent rate year over year to a median of $318,100 across the metros Redfin tracks. Home prices have been growing in the healthy 3 percent range since May. Overall the market in July didn’t hold[...]
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Rochester, Buffalo and Hartford Least at Risk of a Housing Downturn in the Next Recession

Rochester, Buffalo and Hartford Least at Risk of a Housing Downturn in the Next Recession

Whether it happens this year, next year, or in 10 years, another recession is inevitable. Regardless of when it comes, it’s unlikely to have a large negative impact on the US real estate market. However, there are some metro areas that are[...]
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