The national median home price rose 11% year over year to $328,400 in August—the largest annual increase since February 2014.
Home Prices Rose 11% in August—Biggest Gain in Over 6 Years Read More »
For the four-week period ending September 6, home prices were up 13%, pending sales rose 28%, and new listings were 9% higher than the same period in 2019.
Home Prices Up 13%, Biggest Increase Since 2013 Read More »
iBuyers purchased the fewest homes in more than three years in the second quarter. But now business is making a comeback, with iBuyers seeing a rebound in demand—and even bidding wars—from homeowners who are in search of quick cash and a safe way to sell during the pandemic.
Home prices continued to rise—new listings increased slightly, but gains were dwarfed by rise in pending sales.
Nearly 55% of Redfin offers for homes faced bidding wars in August. Competition is fierce in coastal California and more affordable places.
Relatively affordable places including San Antonio and Baltimore have seen housing supply plummet, while San Francisco has experienced a flood of homes for sale as Americans flee dense, expensive cities
