News

November was the most affordable month to buy a home in 2020. The median monthly mortgage payment nationwide reached a low of $1,094 in November, down from a peak of $1,163 in February, the month before the coronavirus was declared a[...]

“At a time of year when the housing market usually goes into hibernation, homebuyers are doing anything but hibernate,” said Redfin chief economist Daryl Fairweather. “With the coronavirus vaccine set to roll out just as the[...]

The nation’s top iBuyers purchased about 1,800 homes in the third quarter, or 0.2% of homes that sold across the 418 U.S. metros tracked by Redfin. That’s down nearly 80% from a year earlier, as iBuyers slowly ramped up business[...]

The median home-sale price in car-dependent neighborhoods nationwide rose 14.9% year over year to $345,000 in October, the biggest increase and highest price since Redfin and Walk Score® started tracking this data in 2014. Prices in[...]

“Buyers are still out looking for homes despite the worsening pandemic and the colder weather,” said Redfin chief economist Daryl Fairweather. “The problem is, there aren’t enough homes for sale. With buyers this eager now, I[...]