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Only 16 Percent of Redfin Buyers Faced a Bidding War So Far in March, Down from 61 Percent a Year Earlier

Only 16 Percent of Redfin Buyers Faced a Bidding War So Far in March, Down from 61 Percent a Year Earlier

Just 16 percent of offers written by Redfin agents on behalf of their home-buying customers in the first three weeks of March faced a bidding war, down from 61 percent for the first three weeks of March 2018 and ticking up slowly from the[...]
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Together, Lyft’s Employees Could Buy Every Single Home for Sale in San Francisco With Their IPO Cash

Together, Lyft’s Employees Could Buy Every Single Home for Sale in San Francisco With Their IPO Cash

[This report was updated on March 29, 2019, the day Lyft debuted on the public markets, to reflect its IPO price of $72 per share.] San Francisco already has sky-high home prices and a lack of inventory. Public offerings from Lyft and other[...]
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With Market Share Near 7% in Phoenix, iBuyers Contribute to the Area’s Relatively Strong Home Price Growth

With Market Share Near 7% in Phoenix, iBuyers Contribute to the Area’s Relatively Strong Home Price Growth

A local Redfin agent said at least half of her prospective clients ask about iBuyers, which are increasingly common in Phoenix and may be contributing to ongoing price growth. Institutional buyers, known as iBuyers, are taking up a[...]
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Minneapolis, Pittsburgh and St. Louis Top Metros With Highest Homeownership Rates for Low-Income Families

Minneapolis, Pittsburgh and St. Louis Top Metros With Highest Homeownership Rates for Low-Income Families

And three southern metros—Louisville, Charlotte and Nashville—experienced the largest rise in low-income homeownership from 2012 to 2017. Minneapolis has the nation’s highest homeownership rate for low-income families.[...]
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Home Sellers Increasingly Willing to Accept Offers From Buyers Who Need to Sell Their Own Home First

Home Sellers Increasingly Willing to Accept Offers From Buyers Who Need to Sell Their Own Home First

Here’s another sign that even as the spring housing market begins to heat up, buyers have more power than they did a year earlier: offers with home sale contingencies are on the rise. Homebuyers who are also selling their previous home[...]
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