Coronavirus Housing Market News
Interest in Relocation Dips Slightly, With 30% of House Hunters Looking to Move to a Different Metro Area
That’s down from a peak of 32% at the start of the year, but higher than the 26% level we saw early in the pandemic.
Housing Market Update: Homebuyer Demand and Sellers’ Asking Prices Get a Late-Summer Boost
Home sale prices likely have room to grow as ultra-low mortgage rates lure more buyers to the market.
Demand for Second Homes Fell 19% Year Over Year in August
Still, interest in vacation homes will likely remain above pre-pandemic levels for the foreseeable future due to the permanent shift to remote work for many
Housing Market Update: Pending Sales Show Smallest Year-Over-Year Increase in 15 Months
The 7% increase was the smallest since June 2020, but home prices rose 14% from a year earlier. Asking prices have also ticked up in recent weeks.
59% of Home Offers Written by Redfin Agents Faced Bidding Wars in August—the Lowest Level Since 2020
Competition is easing as homebuyers grow tired of sky-high asking prices and the housing market enters its typical seasonal slowdown. In August, 58.8% of home
Housing Market Update: Despite Declining New Listings, Pending Sales Still Up 6% From 2020
Strong demand pushed home prices up 14% from a year earlier.
Interest in Relocation Dips Slightly, With 30% of House Hunters Looking to Move to a Different Metro Area
That’s down from a peak of 32% at the start of the year, but higher than the 26% level we saw early in the pandemic.
Housing Market Update: Homebuyer Demand and Sellers’ Asking Prices Get a Late-Summer Boost
Home sale prices likely have room to grow as ultra-low mortgage rates lure more buyers to the market.
Demand for Second Homes Fell 19% Year Over Year in August
Still, interest in vacation homes will likely remain above pre-pandemic levels for the foreseeable future due to the permanent shift to remote work for many
Housing Market Update: Pending Sales Show Smallest Year-Over-Year Increase in 15 Months
The 7% increase was the smallest since June 2020, but home prices rose 14% from a year earlier. Asking prices have also ticked up in recent weeks.
59% of Home Offers Written by Redfin Agents Faced Bidding Wars in August—the Lowest Level Since 2020
Competition is easing as homebuyers grow tired of sky-high asking prices and the housing market enters its typical seasonal slowdown. In August, 58.8% of home
Housing Market Update: Despite Declining New Listings, Pending Sales Still Up 6% From 2020
Strong demand pushed home prices up 14% from a year earlier.