News

All-cash offers are most likely to improve a buyers’ odds of winning a bidding war, followed by waiving the financing contingency, according to Redfin data. Prospective homebuyers who offer all cash nearly quadruple their chances of[...]

Note: We are now entering the period where our comparisons to a year ago are during the steep decline in homebuying demand at the start of the pandemic, so many housing demand measures will begin to show very large year-over-year increases[...]

A homebuyer would lose $23,250 in spending power with a mortgage rate of 3.25% versus a 2.75% rate, where they were sitting late last year and early this year. At a 3.25% interest rate, a homebuyer can afford a $506,000 home on $2,500 per[...]

“Over the last few weeks winter storms have disrupted the housing market, and mortgage rates have risen sharply,” said Redfin Chief Economist Daryl Fairweather. “Although pending sales and new listings have taken a small hit in[...]

March 11, 2021 marks one year since the World Health Organization declared Covid-19 a pandemic. The coronavirus has upended just about every aspect of daily life, including where Americans live, what they look for in a home and how they go[...]