Many people are moving away from pricey coastal cities, but the ones that remain are searching for homes in high-priced pockets of already-expensive areas. The majority of Redfin’s 10 hottest neighborhoods of 2019 have a median sale price of more than $1,000,000—and the others aren’t far from the seven-figure mark. Redfin’s annual hottest neighborhoods report
As big tech companies open new offices outside Silicon Valley, the migration trend toward affordable cities is likely to continue. Apple’s recent announcement that it’s adding thousands of jobs in Austin is likely to heat up the housing market in the city, which was already the seventh most popular destination for people moving from one
Builders are lowering prices and offering complimentary upgrades and other incentives to lure Dallas-area buyers.
Slowing price growth and a growing percentage of price drops are other signs that the regions’ real estate markets may finally be cooling. Signals are emerging that the party may be coming to an end for home sellers in San Jose and Seattle, which have been two of the hottest seller’s markets in the country
Online views of homes in Long Island City and Crystal City soared, but Amazon’s plans for a major new office in Nashville didn’t have any impact on search activity in Music City. When Amazon announced plans for a major new operations office in Nashville, online views of local home listings on Redfin.com stayed about the
Nearly 64 percent more people are on Redfin.com at 10 a.m. on Friday than any other time, on average. That peak percentage is followed closely by 11 a.m. on Monday.
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