Coronavirus Housing Market News
Housing Market Update: 55% of Homes Under Contract Within 2 Weeks, a New Record
Last week saw a surge in homebuying demand as homes sold faster than ever.
West Palm Beach Luxury Home Sales Soar a Record 116% In Fourth Quarter as Wall Street Moves South
Affluent New Yorkers are flocking to Florida in search of sunshine and lower taxes during the pandemic. It’s fueling the luxury housing markets in West Palm Beach and Miami, where high-end home prices are up 18%. Luxury home sales in West Palm Beach, FL surged 116% year over year in the fourth quarter—a bigger gain
Housing Market Update: Homebuyers Undeterred by Declining Listings—Pending Sales up 32%, New Listings Down 10%
New listings of homes for sale fell 10%, the largest decline since last June.
1 in 4 U.S. Homeowners Have Lived in Their Home for Over 20 Years—The Highest Share on Record
People are staying put longer as rising home prices, a housing shortage and skyrocketing coronavirus cases—especially in senior-living facilities—make moving less attractive for some Americans. But a handful of migration hotspots, including Charlotte, Tampa and Atlanta, are bucking the national trend. A record 25.1% of U.S. homeowners in 2020 have lived in the same home
Housing Market Update: First New-Listings Decline in 5 Months Portends a 2021 Housing Frenzy to Rival 2020
Housing Market Update: New Listings Fell 3%, Home Prices Up 14%, Pending Sales Rise 35%
Half of Redfin Home Offers Faced Bidding Wars In December as Housing Market Defied Holiday Slump
Competition tapered slightly over the holidays, but remained fierce as insufficient housing supply failed to keep up with insatiable demand boosted by record-low mortgage rates and a pandemic-driven moving spree. Nationwide, 49.7% of home offers written by Redfin agents faced bidding wars in December. While that’s down from a revised rate of 55.9% in November,
Housing Market Update: 55% of Homes Under Contract Within 2 Weeks, a New Record
Last week saw a surge in homebuying demand as homes sold faster than ever.
West Palm Beach Luxury Home Sales Soar a Record 116% In Fourth Quarter as Wall Street Moves South
Affluent New Yorkers are flocking to Florida in search of sunshine and lower taxes during the pandemic. It’s fueling the luxury housing markets in West Palm Beach and Miami, where high-end home prices are up 18%. Luxury home sales in West Palm Beach, FL surged 116% year over year in the fourth quarter—a bigger gain
Housing Market Update: Homebuyers Undeterred by Declining Listings—Pending Sales up 32%, New Listings Down 10%
New listings of homes for sale fell 10%, the largest decline since last June.
1 in 4 U.S. Homeowners Have Lived in Their Home for Over 20 Years—The Highest Share on Record
People are staying put longer as rising home prices, a housing shortage and skyrocketing coronavirus cases—especially in senior-living facilities—make moving less attractive for some Americans. But a handful of migration hotspots, including Charlotte, Tampa and Atlanta, are bucking the national trend. A record 25.1% of U.S. homeowners in 2020 have lived in the same home
Housing Market Update: First New-Listings Decline in 5 Months Portends a 2021 Housing Frenzy to Rival 2020
Housing Market Update: New Listings Fell 3%, Home Prices Up 14%, Pending Sales Rise 35%
Half of Redfin Home Offers Faced Bidding Wars In December as Housing Market Defied Holiday Slump
Competition tapered slightly over the holidays, but remained fierce as insufficient housing supply failed to keep up with insatiable demand boosted by record-low mortgage rates and a pandemic-driven moving spree. Nationwide, 49.7% of home offers written by Redfin agents faced bidding wars in December. While that’s down from a revised rate of 55.9% in November,
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