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The Trials of a 2021 Homebuyer: More Money, More Competition and More Home Tours

The Trials of a 2021 Homebuyer: More Money, More Competition and More Home Tours

Remote work and low mortgage rates have prompted scores of Americans to buy homes during the pandemic. The result? A severe housing shortage that’s fueling record-high prices and cutthroat competition. Many homebuyers are finding[...]
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Housing Market Update: A Record 39% of Homes Sold Above List Price

Housing Market Update: A Record 39% of Homes Sold Above List Price

Note: Year-over-year comparisons in this report may be more a reflection of the fact that this time last year stay-at-home-orders halted both home-buying and selling activity than of how the housing market has changed over the past[...]
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Five Ways the Housing Market Will Change After the Pandemic

Five Ways the Housing Market Will Change After the Pandemic

Here are the ways I expect the housing market to change once most Americans are vaccinated and the economy fully reopens. Double-digit home-value growth will end as the U.S. reaches herd immunity and the economy rebounds. That’s[...]
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More Homes Than Ever Are Selling Above Their Asking Price. San Jose, Sacramento & Salt Lake City Are Driving the All-Time High.

More Homes Than Ever Are Selling Above Their Asking Price. San Jose, Sacramento & Salt Lake City Are Driving the All-Time High.

More than three out of five homes in San Jose, Sacramento, Salt Lake City, Austin and Denver sold above their asking price in the last month, driving the national share to an all-time high.Sacramento Redfin agent Andrea White said she’s[...]
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Homes in Austin Are Selling For 7% Above Their Asking Prices—The Biggest Premium in the U.S.

Homes in Austin Are Selling For 7% Above Their Asking Prices—The Biggest Premium in the U.S.

The average home in the Austin metro sold for 7.1% above its asking price during the four weeks ending March 14, the biggest premium of the 47 metros included in this analysis. That’s up 8 percentage points from a year ago, when the average[...]
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