Coronavirus and the Housing Market
Redfin’s Chief Economist, Daryl Fairweather, answers consumer questions about the COVID-19 outbreak and the real estate market.
Most Recent
Homebuyers Flock to Four Cities for Affordable Land and Growing Salaries
Spokane, Las Vegas, Charlotte, and Orlando will be the hottest metros among affordability-seeking homebuyers in the coming decade As expensive coastal metros struggle to find solutions to rising housing costs, homebuyers have begun looking to smaller more affordable metros where land is cheap and incomes are growing. Already, Spokane, Las Vegas, Charlotte and Orlando are …
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Survey: What Do First-Time Homebuyers Want From the Government? Lower Interest Rates
Lower interest rates beat out tax credits, easier lending standards, and increased home construction according to a new Redfin survey Interest rates are currently at historic lows, but 66% of first-time homebuyers would like them to be even lower according to a new survey conducted by Redfin. The three most popular government actions among first-time …
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Housing Markets That Changed the Most This Decade
From a city with a 161% median home price increase to one with 77% fewer homes for sale, U.S. metros have experienced dramatic housing shifts since 2010 The U.S. housing market is ending the decade in a vastly different place than it began. In 2010, the market was in the middle of its greatest downturn …
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Redfin’s 2020 Housing Market Predictions: More buyers + fewer homes = more bidding wars
We predict the housing market will be more competitive in 2020 as the cooldown that began in the second half of 2018 comes to an end. Charleston and Charlotte will lead the nation in home-price gains, thanks to homebuyers moving in from expensive cities. Hispanic Americans will experience the biggest gains in home equity wealth. …
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