America’s fastest-growing cities are no longer along the coasts. Domestic migration has shifted such that the highest population growth is in inland cities that have both strong job growth AND affordable homes.
While the Fed says the housing market has “lost traction,” Redfin expects the market in urban areas to regain its footing in the second half of 2014.
There’s been a dramatic change in the housing market lately, and it’s almost all good news for homebuyers.
Redfin today announces that it has hired its first-ever chief economist, Nela Richardson, who comes from Bloomberg Government.
Our latest numbers on home tours and offers indicate that housing demand in Redfin markets is holding steady despite missing a crucial ingredient: a sustained surge in new listings.
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