During the peak summer home-buying season, macroeconomic factors have shaken things up a bit. Federal Reserve Chairman Ben Bernanke announced a tapering of bond buying if the economy continues to improve, and the markets reacted. Last Friday, June 21, saw an especially steep spike with interest rates jumping from 3.9 to 4.5 percent. Naturally, Redfin […]
Home Buyer's Reaction to Mortgage Rates Spike Read More »
Inventory—in particular the lack of it—has been a front-page topic this year. We’re back on the topic of inventory today, but with glad tidings: Inventory is finally beginning to recover! Active listings grew 6.4% between March and April and another 4.2% on top of that between April and May. Last year inventory peaked in January
Here Comes the Inventory Read More »
May’s housing market has good news for everyone. Good news for buyers: For-sale home inventory increased in May for the second straight month. Good news for sellers: prices shot up and home sales hit a four-year high. There are some early signs that the market may be cooling slightly, but for now things are still
Home Prices Shot Up in May As Sales Hit 4-Year High Read More »
Seven of every 10 offers written by Redfin agents in May faced competition.
Redfin Bidding War Report Shows Home-Buying Competition Eased in May Read More »
Homebuyers’ frustration with low inventory continues to increase, there is also increased understanding of the seller’s market and a willingness to pay more.
Homebuyers Undeterred by Seller’s Market; Willing to Pay More Read More »
Ask a friend who’s trying to buy a home what the the real estate market is like, and she will surely describe it as “fast” or a synonym thereof. And your friend is right! To address this new reality, Redfin has developed a new monthly report focused solely on the speed of home sales.
Real Estate Market Speeds Up According to Redfin Fastest Real Estate Markets Report Read More »
