Coronavirus Housing Market News
Housing Market Update: Homebuying Demand Slipped Below 2020 Levels for the First Time This Year
The typical home sold for its highest price on record, at its fastest pace on record, and for 2.3% above list price, the largest sale price premium on record.
iBuyer Home Purchases Inch Back Toward Pre-Pandemic Levels
The year-over-year decline in iBuyer home purchases narrowed to 6% in the first quarter, when iBuyers snatched up 4,383 homes. The nation’s top iBuying companies
Housing Market Update: Homebuying Demand Lets Up a Bit as Prices Soar
Redfin’s Homebuyer Demand Index was down 14% from its peak 9 weeks ago, and pending sales have declined 10% from their early May peak.
Housing-Market Competition Has Eased Slightly, But 7 in 10 Buyers Still Face Bidding Wars
70% of home offers faced bidding wars in May, down from 74% in April. Still, competition remains far more intense than it was a year
Housing Market Update: Pending Sales Continue to Slow—Still Up 29% from 2020
Pending sales dipped during the week that began with the holiday, and other leading indicators show signs of slight cooling in the market.
Homes With High Flood Risk Are Selling for Nearly $50,000 More Than Low-Risk Homes as Pandemic Buyers Chase Waterfront Properties
The typical home with high flood risk sold for $402,010 in the first quarter—a 14% premium over the typical home with low flood risk. That’s
Housing Market Update: Homebuying Demand Slipped Below 2020 Levels for the First Time This Year
The typical home sold for its highest price on record, at its fastest pace on record, and for 2.3% above list price, the largest sale price premium on record.
iBuyer Home Purchases Inch Back Toward Pre-Pandemic Levels
The year-over-year decline in iBuyer home purchases narrowed to 6% in the first quarter, when iBuyers snatched up 4,383 homes. The nation’s top iBuying companies
Housing Market Update: Homebuying Demand Lets Up a Bit as Prices Soar
Redfin’s Homebuyer Demand Index was down 14% from its peak 9 weeks ago, and pending sales have declined 10% from their early May peak.
Housing-Market Competition Has Eased Slightly, But 7 in 10 Buyers Still Face Bidding Wars
70% of home offers faced bidding wars in May, down from 74% in April. Still, competition remains far more intense than it was a year
Housing Market Update: Pending Sales Continue to Slow—Still Up 29% from 2020
Pending sales dipped during the week that began with the holiday, and other leading indicators show signs of slight cooling in the market.
Homes With High Flood Risk Are Selling for Nearly $50,000 More Than Low-Risk Homes as Pandemic Buyers Chase Waterfront Properties
The typical home with high flood risk sold for $402,010 in the first quarter—a 14% premium over the typical home with low flood risk. That’s