News

Nationally, just 10 percent of offers written by Redfin agents on behalf of their homebuying customers faced a bidding war in October, down from 39 percent a year earlier and now at a 10-year low. However, low mortgage rates and a lack of[...]

Surges in both sales and building permits signal the beginning of a moderate recovery for the new-home market.New-home sale prices dropped 1.5 percent year over year to a median of $370,300 in the third quarter. That marks the biggest[...]

Even in a housing market where bidding wars are on the decline, two strategies significantly increase a competitive offer’s likelihood of success.When it comes to a bidding war, prospective homebuyers who offer all cash more than[...]

While some data suggests that housing density is starting to prevail in certain cities, the vast majority of Americans still want a single-family home with a yard, even if it means sacrificing proximity to work.  Since the middle of the[...]

U.S. home-sale prices increased 4.6 percent year over year in September to a median of $308,800 across the 217 metros Redfin tracks. This is the largest year-over-year increase since July 2018. “The demand-driving effect of low[...]