U.S. Home Sales Post Biggest Increase in More Than 2 Years in August
U.S. home-sale prices increased 2.7 percent year over year in August to a median of $312,200 across the 217 metros Redfin tracks.
Tim Ellis has been analyzing the real estate market since 2005, and worked at Redfin as a housing market analyst from 2010 through 2013 and again starting in 2018. In his free time, he runs the independently-operated Seattle-area real estate website Seattle Bubble, and produces the "Dispatches from the Multiverse" improvised comedy sci-fi podcast.
Email TimU.S. home-sale prices increased 2.7 percent year over year in August to a median of $312,200 across the 217 metros Redfin tracks.
Whether it happens this year, next year, or in 10 years, another recession is inevitable. Regardless of when it comes, it’s unlikely to have a large negative impact on the real estate market.
According to the latest national housing market data from Redfin, the most competitive cities in the country are the two cities closest to Amazon HQ2 in Virginia: Alexandria and Arlington.
U.S. home-sale prices grew at a steady 3.3 percent rate year over year to a median of $318,100 across the metros Redfin tracks. Home prices have been growing in the healthy 3 percent range since May.
Homebuyers and sellers are nearly twice as likely to oppose the building of dense housing in their neighborhood than they are to support it.
Twenty-five percent of Redfin.com home searchers looked to move to another metro area in the second quarter of 2019, compared to 24 percent during the same period last year.
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