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One in 10 Millennial Homebuyers Say They’ll Rely on Parents for Mortgage Help, Down From 17% Last Year

One in 10 Millennial Homebuyers Say They’ll Rely on Parents for Mortgage Help, Down From 17% Last Year

Millennials this year are less likely to be taking creative measures like co-ownership or renting out rooms to afford a mortgage, according to a Redfin survey.Millennial homebuyers in 2019 are less likely to take extraordinary measures[...]
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New-Home Supply Down 1% in the Second Quarter, the Biggest Decline in 6 Years

New-Home Supply Down 1% in the Second Quarter, the Biggest Decline in 6 Years

The latest data suggest a moderating market for new-construction homes, with prices down slightly and sales posting a small increase as builders adjust their inventory to meet demand for more affordable homes.Sale prices for newly[...]
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Just 1 in 8 Home-Purchase Offers Submitted by Redfin Agents in June Faced Competition, Down from 1 in 2 a Year Earlier

Just 1 in 8 Home-Purchase Offers Submitted by Redfin Agents in June Faced Competition, Down from 1 in 2 a Year Earlier

 The housing market in San Francisco tapped the brakes in June as just 28 percent of offers written by Redfin agents on behalf of their home-buying customers faced a bidding war. This was down from 65 percent a year earlier and 35 percent in[...]
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The IPO Bump is Real: Bidding Wars Return to San Francisco, Where 35% of Redfin Offers Faced Competition in May

The IPO Bump is Real: Bidding Wars Return to San Francisco, Where 35% of Redfin Offers Faced Competition in May

 The housing market in San Francisco is quickly heating back up—35 percent of offers written by Redfin agents on behalf of their home-buying customers in May faced a bidding war, up from just 5 percent in January but still down from 77[...]
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May Home Prices Up 3.6%, the Largest Year-Over-Year Increase in 7 Months

May Home Prices Up 3.6%, the Largest Year-Over-Year Increase in 7 Months

U.S. home-sale prices edged up again in May, growing 3.6 percent from a year ago to a median of $315,700 across the metros Redfin tracks. While this was the biggest annual home price increase in seven months, it fell far short of the 7.1[...]
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