News

Second-Home Demand Rose 70% From Pre-Pandemic Levels in October

Second-Home Demand Rose 70% From Pre-Pandemic Levels in October

Demand for second homes was up 70% from pre-pandemic levels in October, outpacing August’s 48% gain but below January’s record 91% growth. That’s according to a Redfin analysis of mortgage-rate lock data from real estate[...]
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Real-Estate Investors Bought a Record 18% of the U.S. Homes That Sold in the Third Quarter

Real-Estate Investors Bought a Record 18% of the U.S. Homes That Sold in the Third Quarter

Real estate investors bought a record 18.2% of the U.S. homes that were purchased during the third quarter of 2021, up from a revised rate of 16.1% in the second quarter and 11.2% a year earlier.We define an investor as any institution or[...]
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Housing Market Update: Homebuying Demand Reaches All-Time High

Housing Market Update: Homebuying Demand Reaches All-Time High

Redfin’s Homebuyer Demand Index hit a new all-time high since at least 2017, suggesting strong ongoing housing demand during a time of year when the market typically slows. The Redfin Homebuyer Demand Index is a seasonally adjusted[...]
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Second-Home Demand Jumps in September, Bouncing Back After Summer Slowdown

Second-Home Demand Jumps in September, Bouncing Back After Summer Slowdown

In September, demand for second homes was 60% higher than it was before the coronavirus pandemic hit. While that’s a slowdown from the record 112% surge we saw in March, it’s an acceleration from July’s 40% gain.That’s according[...]
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Fewer Homes for Sale in September; Declining Number of Listings Holds Back Home Sales

Fewer Homes for Sale in September; Declining Number of Listings Holds Back Home Sales

The median price of homes sold in September was $376,800, up 14% from a year earlier, the lowest growth rate since December 2020. September marked the 14th consecutive month of double-digit price gains. Closed home sales and new listings[...]
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