Home-Buying Demand Up 22% After Seven Straight Weeks of Increases; Shortage of Homes for Sale Drives Prices Up 7%
Redfin Chief Growth Officer Adam Wiener shares his weekly update about the impact of the coronavirus on the housing market.
Housing Market News
The Housing Market’s Road to Recovery in Four Charts
Four charts that highlight recent developments in the housing market as coronavirus continues to transform residential real estate.
The Housing Market’s Road to Recovery in Four Charts Read More »
Home-buying Demand Surges on Record-Low Mortgage Rates; Up 17% From Pre-Coronavirus Levels
Adam Wiener, Chief Growth Officer of Redfin, gives his weekly update about the impact of the coronavirus on housing.
Newly Built Homes Make Up Largest Share of Market Since at Least 2012
The number of new construction homes on the market fell just 10.5% year over year in April, the smallest decline in 2020 to date, while the supply of existing homes plunged 24%.
Newly Built Homes Make Up Largest Share of Market Since at Least 2012 Read More »
41% of Redfin Offers Faced Bidding Wars in Late April, Early May Amid Coronavirus Pandemic
The coronavirus pandemic has contributed to a severe shortfall in housing supply, which has led to a significant bidding-war rate.
Homebuyer Demand Outpaced Supply Mid-Pandemic, Leading to Lower Sales and Preventing Price Declines
The effects of the coronavirus pandemic and subsequent shutdowns hit the housing market in full force in April.
