“In this market, homebuyers have to move fast, yet high prices and low inventory are slowing down even the most earnest of house hunters,” said Redfin chief economist Nela Richardson.
In May 2017, Redfin commissioned a survey of 3,350 U.S. residents in 11 metropolitan areas who in the past year bought or sold a home, attempted to do so or plan to do so soon.
Over the past week, we’ve been analyzing our website and customer activity data to see if the election has had any immediate effect on homebuyer behavior. On Wednesday November 9, homebuyers indeed exhibited what we call a “hangover” effect, only slightly more pronounced than what we often see on the day after major holidays, such
Less than a year after its launch, an update has been made to the algorithm behind the Redfin Estimate, making the automated home-value estimate significantly more accurate.
Denver posted the biggest monthly gain in homebuyer demand, which still fell short of last year’s level
Homebuyer demand picked back up in July after posting month-over-month declines in May and June.
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