News

“The economy faces new challenges in the next few weeks, which are likely to see continued political instability and rising coronavirus cases,” said Redfin chief economist Daryl Fairweather. “Still, it’s unlikely that either[...]

Nearly two thirds (63%) of people who bought a home last year made an offer on a property that they hadn’t seen in person, the highest share since at least 2015, according to a Redfin-commissioned survey in November and December of more[...]

Home prices surged 14% and sales were up 23%; supply fell by as much to an all-time low. The national median home price rose 14.0% year over year to $335,519 in November—the second-largest annual increase on record as far back as our data[...]

Nationwide, 53.6% of home offers written by Redfin agents faced competition in November. While that’s down from a revised rate of 58.5% in October, it represents the seventh-straight month in which more than half of Redfin offers[...]

Nationwide, 24.3% of homes sold so far this year were bought with cash, down from 25.3% in 2019 and the smallest share since 2007.All-cash home purchases peaked in 2013, when 34% of homes sold were bought with cash, and the share has[...]