San Jose, Seattle and San Diego saw big year-over-year gains in the share of homebuyers’ winning the first home they make an offer on. Another sign that the housing market is shifting toward buyers’ favor in 2019: 56 percent of buyers nationwide who purchased a home in the first quarter closed on the very first […]
West Coast Buyers are Now More Likely to Win the 1st Home They Bid On Read More »
Move-up buyers can afford to buy a $26,000 more expensive home in the Seattle area than they could last year thanks to falling interest rates and stalling home prices. Last October when mortgage rates were at 4.75 percent—up nearly a full point from a year earlier—we shared a version of the chart below to demonstrate
Redfin’s new affordability tool allows users to visualize and compare housing affordability on different incomes and in different parts of the country. In the Atlanta metro area, 45.7 percent of homes currently for sale are affordable on $61,372, the median U.S. household income in 2017, the most recent year for which data is available. In
Big, old houses lost the least value in the Great Recession As we near the end of a decade that will be remembered for a strong resurgence in the housing market, some economists (including Robert Shiller, who famously predicted the bursting of the 2000s housing bubble) believe a recession may be around the corner. The
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In Philadelphia, buyers this winter found homes 4 weeks faster than last year; 2 weeks faster in Washington, D.C. Buyers in Atlanta toured 7 fewer homes than a year ago; in Phoenix they saw 4 fewer homes In the three months ending in February, it took the typical homebuyer 73 days to close on their
Homes Listed on Thursday Sell Faster and for More Money Than Those Listed Any Other Day of the Week The results are in: Thursday is still the best day to list your home. Homes listed on Thursday tend to sell for more money and in less time than homes listed on other days of the
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