“A growing economy, healthy buyer demand and low inventory drove the ramp up in prices last month,” said Redfin chief economist, Nela Richardson
New construction homes in the fourth quarter of 2017 accounted for 16.4 percent of all single-family homes for sale, the highest level since Redfin began tracking this data in 2012, up from from 14.2 a year earlier. This is a needed sign of progress in a housing market plagued by short supply. The median price
With mortgage rates and home prices expected to rise and nearly one in five homes selling above list in January, buyers contending for a diminishing supply of homes can expect a competitive year.
Redfin Housing Demand Index Posted Its Highest January Reading to Start the Year Read More »
The results of a recent Redfin survey show a growing trend of homebuyers making offers on homes before visiting in person.
Sight-Unseen in 2017: 35% of Homebuyers Bid on a Home Before Seeing it in Person Read More »
Home Sales Fell in January after Tax Reform Uncertainty Caused Some Buyer Hesitation at Year End
A late-2017 Redfin-commissioned survey of more than 4,000 people revealed that only 6% of homebuyers said they would cancel their plans if mortgage rates surpassed 5%, among other key findings.