Nela Richardson, Author at Redfin Real Estate News

Redfin July Forecasts Hit the Mark as Housing Demand Cools for Fourth Consecutive Month

August 25, 2015

The Redfin Housing Demand Index decreased 5 percent in July, falling to 108 from 113 in June, the fourth consecutive month-over-month decline. Redfin real estate agents report that the market is rapidly cooling, with buyers reaching their limit on prices and showing less interest in hot home listings. So why does the market feel like it’s cooling so much when the numbers are still pretty strong for September?

Welcome to the First-Ever Redfin Housing Demand Index

July 23, 2015

Today we debut the Redfin Housing Demand Index, the industry’s first and only measure of homebuyer activity prior to purchase.

Redfin Housing Demand Index Methodology

July 23, 2015

The methodology behind the Redfin Housing Demand Index, the industry’s first and only measure of homebuyer activity prior to purchase.

Mortgage Rates — Hike or Hype?

July 14, 2015

As the Fed prepares to raise interest rates, some fear they might discourage homebuyers and cause the housing market to slow. Others speculate that increasing rates will create even more demand from buyers who know rates likely will continue their climb. Which is it?

Home Sales Hit High Speed as Price Growth Taps Brakes

June 18, 2015

In May homes sold at their fastest pace in nearly two years, with the typical property on the market only 28 days, down from 32 in April. Last month, 35.6 percent of homes went under contract within two weeks of their debut, just shy of the peak rate of 35.8 percent exactly two years ago. For the last three years there’s been a double-digit spike in homes sold; this year, an inventory shortage has kept a lid on that growth.

Will a burst of job creation lift housing?

June 8, 2015

So far, 2015 is shaping up to be a good year for job hunters. In fact, the labor market hasn’t been this strong since the first half of 2006, when the housing market was soaring. But new jobs aren’t enough to give a lift to housing. Stable employment and increasing wages matter most over the long term.

Nela Richardson

Most Recent