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Housing Market Update: A Record 42% of Homes Were On the Market One Week or Less

Housing Market Update: A Record 42% of Homes Were On the Market One Week or Less

“Each week, inventory keeps dropping, and the homeowners who do decide to list are setting higher and higher asking prices,” said Redfin Chief Economist Daryl Fairweather. “Prices are rising so quickly that even recently sold[...]
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Housing Market Stayed Hot in January as Home Prices Rose 14% and Sales Surged 20%

Housing Market Stayed Hot in January as Home Prices Rose 14% and Sales Surged 20%

The national median home-sale price rose 14% year over year to $330,500 in January, an annual gain just shy of the largest increase seen since 2013, which was 14.5% in July 2013. Closed home sales were up 20% from a year earlier and pending[...]
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Housing Market Update: A Record 52% of Homes Under Contract Within 2 Weeks

Housing Market Update: A Record 52% of Homes Under Contract Within 2 Weeks

“There is a serious lack of new listings, and although prices are through the roof, homeowners are reluctant to sell, because it’s so hard to buy again unless you are moving to a less expensive area where you can afford to outbid other[...]
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How to Win a Bidding War In 2021, According to Redfin Agents

How to Win a Bidding War In 2021, According to Redfin Agents

Today’s housing market is one of the most competitive in history. Remote work and record-low mortgage rates are prompting scores of Americans to relocate and purchase homes. The problem is that there aren’t nearly as many homes for[...]
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Housing Market Update: Asking Prices Hit a New High, Up 10% From Last Year

Housing Market Update: Asking Prices Hit a New High, Up 10% From Last Year

“With more and more homes going off the market before buyers have had a chance to tour them, it has never been more important for homebuyers to be well prepared,” said Redfin chief economist Daryl Fairweather. “That means setting[...]
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