News

Nearly one-third (30%) of U.S. home purchases this year were paid for with all cash. That’s up from 25.3% during all of 2020 and represents the largest share since 2014, when 30.6% of homes were purchased with all cash. This is according to[...]

Note: Pandemic lockdowns significantly slowed homebuying and selling, and slightly depressed sale prices in June 2020, which means the year-over-year trends for home prices, pending sales, closed sales and new listings are[...]

Mortgage-rate locks for second homes fell 11% year over year in June after a year of double- and triple-digit increases. The number of buyers who locked in mortgage rates to purchase a second home nationwide fell 11.1% year over year in[...]

In June, 65% of home offers written by Redfin agents faced competition, down from a revised rate of 72.1% in May and a pandemic peak of 74.1% in April. Still, that’s higher than the 56.8% bidding-war rate we saw in June 2020, when the housing[...]

Note: Pandemic lockdowns significantly slowed homebuying and selling, and slightly depressed sale prices in May 2020, which means the year-over-year trends for home prices, pending sales, closed sales and new listings are[...]