News

The median home sale price surged 16% year over year during the week ending January 9 to an all-time high of $365,000. Prices keep climbing because the supply drought keeps deepening while demand increases. The number of homes for sale fell[...]

Nationwide, 59.6% of home offers written by Redfin agents faced bidding wars in December 2021, the lowest share in 12 months. That’s down from a revised rate of 61.3% in November, but up from 54% in December 2020.An offer is considered[...]

New listings fell 12% year over year, sending the total number of homes for sale down 29% to a new all-time low during the four weeks ending January 16. Constricted by supply, pending sales were up just 1%. One ray of hope for buyers is new[...]

One in nine first-time homebuyers (11.6%) surveyed in the fourth quarter said selling cryptocurrency helped them save for a down payment. That’s up from 8.8% in the third quarter of 2020 and 4.6% in the third quarter of 2019.This is[...]

Demand for second homes fell just slightly last month, but remained well above pre-pandemic levels as affluent buyers continued to take advantage of remote work and low mortgage rates. Demand for vacation homes was up 77% from[...]