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All-Cash Offers Quadruple a Homebuyer’s Chances of Winning a Bidding War

All-Cash Offers Quadruple a Homebuyer’s Chances of Winning a Bidding War

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[...]
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Housing Market Update: Home Prices Post 17% Annual Gain, Largest in at Least 5 Years

Housing Market Update: Home Prices Post 17% Annual Gain, Largest in at Least 5 Years

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[...]
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Homebuyers on a $2,500 Monthly Budget Stand to Lose $23,250 in Spending Power as Mortgage Rates Rise from Record Lows

Homebuyers on a $2,500 Monthly Budget Stand to Lose $23,250 in Spending Power as Mortgage Rates Rise from Record Lows

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[...]
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Housing Market Update: Homes Sell Closer Than Ever to List Price as Average Sale-to-List Ratio Approaches 100%

Housing Market Update: Homes Sell Closer Than Ever to List Price as Average Sale-to-List Ratio Approaches 100%

“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[...]
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One Year Later: The Coronavirus Pandemic’s Impact on the U.S. Housing Market In 12 Charts

One Year Later: The Coronavirus Pandemic’s Impact on the U.S. Housing Market In 12 Charts

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[...]
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