News

Redfin forecasts a record $2.53 trillion worth of home sales in America in 2021—a 17% year-over-year gain that would mark the largest annual increase in percentage terms since 2013. To put $2.53 trillion into perspective, it’s[...]

Second-home buyers are out in full force as affluent Americans continue to work remotely from vacation destinations.The number of buyers who locked in mortgage rates for second homes soared 178% year over year in April, marking the 11th[...]

Nearly three-quarters (72%) of home offers written by Redfin agents in April faced competition, up from a revised rate of 66.7% in March and 44.9% in April 2020. It’s important to note that the April 2020 bidding-war rate was impacted by[...]

Sales of luxury homes in the U.S. rose 41.6% year over year in the first quarter of 2021, far outpacing sales growth in every other segment of the housing market. By comparison, sales of affordable homes increased 7% and sales of mid-priced[...]

Unless otherwise noted, this data covers the four-week period ending April 18.Note: At this time last year, pandemic stay-at-home orders halted homebuying and selling, which makes year-over-year comparisons unreliable for select[...]