News

New Listings Lag Home-Buying Demand, Homes for Sale in Redfin Markets at 5-Year Low

Home-buying demand took another step towards recovery, gaining strength for the third week in a row. After plummeting as much as 34% in March, home-buying demand is now down only 15% from pre-coronavirus pandemic levels on a[...]
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US Housing Market Reverses Course in March with Coronavirus Shutdowns

US Housing Market Reverses Course in March with Coronavirus Shutdowns

This is possibly the most unusual Market Tracker report that Redfin has ever published. At the beginning of March, the housing market was stronger than ever, with February marking the eighth straight month of increases in home sales, and[...]
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Homebuyers Confront Credit Crunch as Coronavirus Puts Lenders on Edge

Homebuyers Confront Credit Crunch as Coronavirus Puts Lenders on Edge

As the coronavirus pandemic sends shockwaves through the U.S. economy, banks are fighting financial uncertainty with tightened mortgage lending standards, making it harder for house hunters to get their hands on home loans. The[...]
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Six Charts That Show the Latest Trends in the Housing Market

Six Charts That Show the Latest Trends in the Housing Market

Home prices are holding up and demand is strengthening, but new listings continue to drop as the coronavirus outbreak takes a toll on the economy, according to the latest market data. Plus, condos are getting hit the hardest.We reported[...]
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Home-buying Demand Strengthens Despite Stricter Lending Standards, Inventory Shortage Looms

Home-buying Demand Strengthens Despite Stricter Lending Standards, Inventory Shortage Looms

Home-buying demand shook off more than 5 million new claims for unemployment assistance and continued to strengthen this week. We’re introducing a new measure for home-buying demand to get a clearer picture of the impact of the[...]
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