News

Home Prices Rose 7% in January, Housing Supply Fell 11%

Home Prices Rose 7% in January, Housing Supply Fell 11%

U.S. home-sale prices increased 6.7% year over year in January to a median of $306,400 across the 217 metros Redfin tracks. Home prices were also up 0.7% month over month on a seasonally-adjusted basis. The most affordable metro areas[...]
Read More
New-Home Sales Surge in the Fourth Quarter as Inventory Tumbles, Prices Flatten

New-Home Sales Surge in the Fourth Quarter as Inventory Tumbles, Prices Flatten

New-home sales rose 8.8% year over year in the fourth quarter, the biggest gain in more than two years and the third-consecutive quarter of increases, driving continued depletion of inventory in the market.New-home supply slid 11.1%[...]
Read More
Raleigh Led Nation in iBuyer Market Share in 2019, followed by Phoenix, Charlotte and Atlanta

Raleigh Led Nation in iBuyer Market Share in 2019, followed by Phoenix, Charlotte and Atlanta

The nation’s top iBuyers purchased 1 of every 100 homes that sold in 2019 across the more than 200 U.S. metro areas Redfin tracks, nearly doubling their 2018 market share of 0.6%. That’s based on a Redfin analysis of MLS and public[...]
Read More
Coronavirus and the Housing Market

Coronavirus and the Housing Market

This past week, the new coronavirus caused a big drop in financial markets, spurring the Federal Reserve to drop interest rates by half a percentage point and leaving many Redfin customers wondering about the impact an outbreak would have[...]
Read More
Housing Shortage Leads to Intense Competition Among Homebuyers

Housing Shortage Leads to Intense Competition Among Homebuyers

A majority of offers submitted by Redfin agents faced competition in January according to a survey of more than 500 Redfin agents across the nation. Competition is spiking hard and early in 2020 and agents are reporting a flood of buyers as[...]
Read More

Showing 611 - 615 of 1102 posts