News

Nationwide, 60.9% of home offers written by Redfin agents faced bidding wars in February, up slightly from a revised rate of 59.3% in January. That represents the 10th-straight month in which more than half of Redfin offers encountered[...]

“Sellers’ asking prices have marched upward every week this year. Buyers have learned that if they aren’t aggressive enough one week, they will have to bid higher on a home that’s listed the following week,” said Redfin Chief[...]

The national median home-sale price rose 14.4% year over year to $336,200 in February, the largest increase seen since July 2013. Closed home sales were up 5% from a year earlier and pending sales were up 21%. New listings fell 16%—the[...]

The nation’s top iBuying companies purchased 3,505 homes in the fourth quarter of 2020, down 48% from a year earlier. That’s an improvement from the third quarter’s 78% year-over-year decline.U.S. iBuyers bought 0.3% of homes[...]

The total value of homes in the U.S. has surged 13.4% ($4 trillion) during the coronavirus pandemic, to $33.4 trillion in February 2021 from $29.4 trillion in February 2020. The increase was driven by Jacksonville, FL, Austin, TX,[...]