Redfin Survey: 36% of Millennial Homebuyers Took a Second Job to Save for Down Payment; 10% Sold Cryptocurrency
Thirty-one percent plan to rent out a room to pay the mortgage on their first home.
Housing Market News
May Real Estate Market the Fastest on Record; Prices Up 6.3%
Across the 174 markets that Redfin tracks, the typical home sold in May went under contract in 34 days, breaking April’s record of 36 days, which was the fastest month Redfin had recorded going back to 2010. Amid the speed, the national median home sale price rose to $305,600, a 6.3 percent increase from May
May Real Estate Market the Fastest on Record; Prices Up 6.3% Read More »
Redfin Housing Demand Index Posted Slight Decline from March to April Amid Ongoing Inventory Crunch
The Redfin Housing Demand Index fell 1.3 percent month over month to 106 in April, the third consecutive month of declines.
Virginia Beach, Memphis and Indianapolis are the Most Affordable Housing Markets for Veterans
Redfin finds that across 45 major metros, 9% of homes for sale are affordable for veterans, down from 27% in 2012.
Homes Sold Faster Than Ever in April; Prices Rose 7.6%
The national median home sale price increased 7.6 percent in April from a year ago, to a median of $302,200. This is the first time the national median home price has surpassed the $300,000 mark across the 174 markets that Redfin tracks. While April posted solid growth in home sales, up 5.2 percent from
Homes Sold Faster Than Ever in April; Prices Rose 7.6% Read More »
Shrinking Supply Sends Prices for Luxury Homes Up Nearly 8 Percent in First Quarter
Number of Luxury Homes for Sale Fell 20 Percent, Marking Four Consecutive Quarters of Decline
Shrinking Supply Sends Prices for Luxury Homes Up Nearly 8 Percent in First Quarter Read More »
