Aziz Sunderji, housing economist and founder of data visualization consultancy Home Economics, also provided data and analysis for this report. Late April is a sweet spot for sellers; nationwide, homes listed during that period have the highest chance of selling fast and fetching more than the asking price. This is from a Redfin and Home […]
Late April Is the Best Time to List a Home For Sale Read More »
Nationally, sellers outnumber buyers by 43%—just shy of the largest gap in records dating back to 2013. When sellers outnumber buyers, the buyers who are in the market have bargaining power. 38 of the most populous metro areas were buyer’s markets in March, up from 29 a year earlier. Just five were seller’s markets, down
Homebuyers Hold the Negotiating Power In 38 Major Metros, Up From 29 Last Year Read More »
About two-thirds of homeowners who recently made renovations chose to upgrade their home instead of moving to a new place, per a recent Redfin survey. Within this group of homeowners, millennials and Gen Zers are more likely than older people to remodel instead of move. Most homeowners who renovated in the last year spent less
U.S. Homeowners Are Remodeling Instead of Relocating Read More »
Pending home sales are declining and touring activity is slumping. U.S. pending home sales fell 4.1% from a year earlier during the four weeks ending April 12, the biggest decline in over a year. Sales fell in all but seven of the 50 biggest U.S. metro areas, with the biggest declines in Providence, RI (-17.5%),
This Spring’s Housing Market Is Unseasonably Slow As Iran War, High Costs Curb Demand Read More »
The median sale price in the Bay Area metro rose 14% year over year in March, compared with a 1% gain nationwide. That helped San Francisco reclaim its title as the most expensive major metro to buy a home. Nationally, the housing market remained sluggish as high costs and economic uncertainty gave buyers and sellers
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A wave of ultra-luxury deals made coastal Florida the center of America’s priciest home sales in March. Other notable sales include Tom Cruise’s former Beverly Hills estate and a Tennessee ranch. Mark Zuckerberg and Priscilla Chan bought 7 Indian Creek Island Road, a waterfront estate on a Miami island known as the “Billionaire Bunker,” for
