New construction homes in the fourth quarter of 2017 accounted for 16.4 percent of all single-family homes for sale, the highest level since Redfin began tracking this data in 2012, up from from 14.2 a year earlier. This is a needed sign of progress in a housing market plagued by short supply. The median price …
With mortgage rates and home prices expected to rise and nearly one in five homes selling above list in January, buyers contending for a diminishing supply of homes can expect a competitive year.
The results of a recent Redfin survey show a growing trend of homebuyers making offers on homes before visiting in person.
A late-2017 Redfin-commissioned survey of more than 4,000 people revealed that only 6% of homebuyers said they would cancel their plans if mortgage rates surpassed 5%, among other key findings.