A monthly update of housing market supply, demand, and prices.
National home prices hit a two-year high in August, marking a 5% gain from August 2011 and holding steady month-over-month during a time of year that typically sees a seasonal decline in prices.
As the latest jobs and consumer confidence data begins to signal that the overall economy may finally be coming back to life, real estate continues to show signs that 2012 is likely the beginning of a long, flat bottom in real estate.
We’ve written about feisty buyers, shown data on multiple offers and told the story of Mid-Peninsula Madness. That opened up the floodgates, and now we’re hearing from our agents across the country: Buyers are frustrated with the lack of homes on the market, and the few sellers out there are using scarcity to their advantage.
Inventory Shortage: Move Along; Nothing to See Here Read More »
Howdy Redfinnians! Time for our monthly tell-you-everything analysis of the real estate market! We just hit $5 billion in home sales, where Redfin agents represented either the buyer or the seller, all in our don’t-crowd-me-baby style. For every customer, deal or no deal, Redfin surveyed the customer and published the answer. And on every home,
The Market Spends Another Day In Its Bathrobe, But Feeling Better Read More »
Big news Redfinnians! Redfin just raised $15 million, mostly on the strength of nice revenue growth and very, very happy customers. Since launching our service with one Seattle real estate agent in 2006, we’ve closed about $6 billion in home sales, with a customer satisfaction rate of 97%. Consumers have saved $85 million in commissions.
It’s Not a Monster Truck Rally, It’s A Real Estate Market Read More »
Earlier this week we published another round of Insider Reports on our local blogs in Seattle, the Bay Area, Washington/Baltimore, Chicago, and new this month: Boston. Our local experts around the country combined a look into Redfin’s vast database of market data with the read from our agents in the field to bring you the
Insider Report Roundup: A Chilly January for Sellers & Buyers Read More »
