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Redfin’s 2019 Predictions: Housing market will be coolest we have seen in years, but homeownership will continue to rise

Redfin’s 2019 Predictions: Housing market will be coolest we have seen in years, but homeownership will continue to rise

We predict that the housing market will continue to cool into the first half of 2019. Inventory will rise back up to 2017 levels, and price growth, while likely still positive, will be the lowest we’ve seen since 2014 or possibly even 2011.[...]
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Bidding Wars in Seattle Nearly Vanish with Only 1 in 10 Offers Now Facing Competition

Bidding Wars in Seattle Nearly Vanish with Only 1 in 10 Offers Now Facing Competition

As the share of Redfin offers facing competition plummets to an eight-year low nationally, the Seattle metro area has seen a particularly spectacular decline in bidding wars, falling from 75 percent of all offers local Redfin agents[...]
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Survey: Gen-Xers & Older Millennials Believe Stocks are a Better Investment than Real Estate

Survey: Gen-Xers & Older Millennials Believe Stocks are a Better Investment than Real Estate

Less than half of homebuyers and sellers between the ages of 35 and 44 believe that real estate is a better long-term investment than the stock market, according to a survey Redfin commissioned in December of more than 2,600 people[...]
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New-Home Sales Saw Double-Digit Drops to Close Out 2018

New-Home Sales Saw Double-Digit Drops to Close Out 2018

Sales of new homes in all four major US regions dropped in the last two months of 2018. The year-over-year trend was especially drastic in the Northeast, where new-home sales fell by 16.1 percent in December.Here’s a look at the annual[...]
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As the Number of Homes For Sale Increases, Fewer Homes are Affordable to Middle Class Buyers

As the Number of Homes For Sale Increases, Fewer Homes are Affordable to Middle Class Buyers

We have written a lot recently about rapid growth in the supply of homes for sale in many markets such as San Jose and Seattle. But with both home prices and interest rates up from a year ago, both the number and share of homes for sale that are[...]
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