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.
The fourth quarter of 2017 saw migration from expensive, high-tax coastal markets to metros where taxes are lower and housing is more affordable.
Redfin survey results reveal that some respondents sold their home or did not buy because of worry over immigration policies, millennials are migrating and more.
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