In a recent survey of 1,002 homebuyers, Redfin found a 10 percentage-point increase in those interested in “buying now,” as well as more concern about rates.
Nationally, homebuyers toured fewer homes and wrote fewer offers last month, as the Redfin Housing Demand Index dropped 7.3 percent.
The Redfin Housing Demand Index, based on thousands of Redfin customers requesting home tours and writing offers, declined 3.5 percent from September to a seasonally-adjusted level of 100 in October. A level of 100 represents the historical average for the three-year period from January 2013 to December 2015, meaning that demand in October was at …
Chicago home prices increased 3.6 percent in June, as compared to last year, with a typical home selling for $285,000.