Housing Market Update: Homebuying Picks Up After Election Week, Pending Sales Up 29% From 2019
The U.S. housing market continues to soften a bit in November, even though activity picked up in the week after the election.
Housing Market News
Home Sales Surge 24%, the Biggest Gain on Record, Prices up 14% in October
Did the 2020 housing market peak in October? Home prices rose 14% year over year to $335,900—the 2nd-largest annual increase on record.
Home Sales Surge 24%, the Biggest Gain on Record, Prices up 14% in October Read More »
Demand for Second Homes Surges 100% Year Over Year In October
The number of people locking in mortgage rates for second homes has jumped as remote work enables affluent Americans to escape city life during the pandemic. At the same time, millions of families are suffering as businesses shutter and unemployment skyrockets. Sales of vacation homes are soaring, even as millions of Americans grapple with financial
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Survey: 30% of Americans Want to Live Somewhere Else Due to Protests
The share is higher—39%—among respondents who planned to vote for Donald Trump. Still, most participants said that protests across major cities have either had no impact on their feelings about where they live or have made them like where they live more. Just under a third (30%) of Americans said that protests in major cities
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Housing Market Update: Home Prices Climb 15% Even as Growth in Pending Sales & New Listings Slowed Amid Election Uncertainty
Housing Market Update: Home Prices Climb 15% Even as Growth in Pending Sales Slows
More Than Half of Redfin Offers Faced Bidding Wars For the Sixth-Straight Month In October
Competition in the housing market has cooled slightly since the summer, but remains intense as record-low mortgage rates and remote work allow scores of Americans relocate. Nationwide, 56.8% of Redfin offers on homes faced competition in October, little changed from September’s revised rate of 57.4%. While that’s down slightly from the recent peak of 59.3%
