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Despite Record-High Costs, New Home Construction Showed Modest Growth in the Fourth Quarter

Despite Record-High Costs, New Home Construction Showed Modest Growth in the Fourth Quarter

New construction homes in the fourth quarter of 2017 accounted for 16.4 percent of all single-family homes for sale, the highest level since Redfin began tracking this data in 2012, up from from 14.2 a year earlier. This is a needed sign of[...]
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March Home Prices Up 8.9%, the Biggest Increase in Four Years

The median home sale price increased 8.9 percent in March from a year ago, the highest price growth in four years. The median home sale price in March was $297,000 in the 174 markets that Redfin tracks. The lack of homes for sale, down 11.9[...]
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Redfin Housing Demand Index Fell 14 Percent from January to February as Ongoing Supply Shortage Crimped Homebuyer Activity

The Redfin Housing Demand Index fell 14.1 percent month over month to 110 in February. This represents the lowest level of homebuyer demand in 11 months and the largest month-over-month decline on record for the Demand Index, for which[...]
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Redfin Housing Demand Index Fell 6.5% From February to March as Fewer Homes Hit the Market

The Redfin Housing Demand Index fell 6.5 percent month over month to 105 in March, the second consecutive month of declines this year. The Demand Index is based on thousands of Redfin customers requesting home tours and writing offers.[...]
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Shrinking Supply Sends Prices for Luxury Homes Up Nearly 8 Percent in First Quarter

Luxury home prices rose 7.9 percent in the first quarter of 2018 compared to last year, to an average of $1.8 million. This analysis tracks home sales in more than 1,000 cities across the country and defines a home as luxury if it is among the[...]
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