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Home Prices Post Strongest Gain in Nearly Four Years as a Double-Digit Inventory Decline Constrained Sales

Home prices in February increased 8.8 percent from a year earlier to a median sale price of $285,700 across the markets Redfin tracks. This was the strongest price appreciation since March 2014. February also marks six years, or 72[...]
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Redfin Survey: Just 6% of Homebuyers Would Cancel Plans to Buy if Mortgage Rates Surpassed 5%

Redfin Survey: Just 6% of Homebuyers Would Cancel Plans to Buy if Mortgage Rates Surpassed 5%

A late-2017 Redfin-commissioned survey of more than 4,000 people who bought or sold a home last year, attempted to do so, or planned to do so soon revealed the following key findings related to the housing market and the economy:This is the[...]
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Sight-Unseen in 2017: 35% of Homebuyers Bid on a Home Before Seeing it in Person

Sight-Unseen in 2017: 35% of Homebuyers Bid on a Home Before Seeing it in Person

Thirty-five percent of people who bought a home last year said they made an offer without first seeing the home in person, up from 33 percent in May 2017 and 19 percent in June 2016. This is based on a Redfin-commissioned survey conducted in[...]
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Redfin Housing Demand Index Posted Its Highest January Reading to Start the Year

The Redfin Housing Demand Index began the year strong at 130.5 in January, up 0.5 percent month over month. The seasonally adjusted number of buyers requesting home tours remained unchanged from December to January, while the number[...]
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Strong January Home Price Growth and Declining Inventory Signal Another Competitive Spring for Homebuyers

Home prices increased 7.8 percent year over year to a national median sale price of $280,500 in January. Sales were down 7.9 percent annually as the ongoing inventory shortage showed no signs of ending. The number of homes for sale in[...]
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