Interest in Single-Family Homes Hits Four-Year High
Web searches for single-family homes have popped as the coronavirus pandemic has turned privacy into a hot commodity.
As a data journalist, Lily is passionate about helping readers understand complex facets of the housing market. She is particularly interested in the issues of climate change, race and gender equality and housing affordability. Prior to working at Redfin, Lily spent four years as a reporter at Bloomberg News in New York City.
Email LilyWeb searches for single-family homes have popped as the coronavirus pandemic has turned privacy into a hot commodity.
While sellers have started to jump back into the market as states across the country reopen, there remains a shortage in houses for sale, which is fueling bidding wars.
Four charts that highlight recent developments in the housing market as coronavirus continues to transform residential real estate.
The number of new construction homes on the market fell just 10.5% year over year in April, the smallest decline in 2020 to date, while the supply of existing homes plunged 24%.
Here are seven charts that illustrate the latest developments in the housing market as coronavirus continues to transform residential real estate as we know it.
Americans are shopping for homes in small towns at an exceptionally higher rate than they were last year and even last month
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