Coronavirus Housing Market News
Housing Market Update: 15% Price Growth Shows No Signs of Letting Up
Home price growth continued unabated as continued homebuying demand drove home prices up 15% from a year earlier.
Housing Market Update: Home Prices Up 15%, Year-to-Date Sales On Par with 2019
The U.S. housing market continues to see strong demand with pending sales up 34%, driving home prices up 15% from a year earlier.
Americans Have Gained $2 Trillion in Home Value During the Coronavirus Pandemic
The value of homes in the U.S. has surged 6.7% to $31.4 trillion since February despite skyrocketing unemployment triggered by the pandemic—further widening the wealth gap in America. The total worth of U.S. homes rose 6.7% to $31.4 trillion in October from $29.4 trillion in February. This $2 trillion increase eclipses the $1.7 trillion (6.6%)
42% of Americans Are Hesitant to Move to a Place Where They’d Be in the Political Minority, Up From 32% in June
The share of people who are hesitant to relocate to an area where they’d be in the racial, ethnic or religious minority also increased—to 28% from 20%—according to a Redfin survey. Forty-two percent of U.S. residents would be hesitant to move to an area where most people have political views different from their own, up
Housing Market Update: Home Prices Post Another 15% Gain
U.S. home prices increased 15% and pending sales were up 32% from a year earlier in the four weeks ending October 18.
56% of Redfin Offers Faced Bidding Wars in September, Down From 59% in August
Competition in the housing market remains fierce, but has cooled slightly amid a seasonal slowdown and surging home prices. Nationwide, 56.3% of Redfin offers on homes faced competition in September, down from a revised rate of 59.1% in August. While that’s the first decline in at least five months, a majority of offers still encountered
Housing Market Update: 15% Price Growth Shows No Signs of Letting Up
Home price growth continued unabated as continued homebuying demand drove home prices up 15% from a year earlier.
Housing Market Update: Home Prices Up 15%, Year-to-Date Sales On Par with 2019
The U.S. housing market continues to see strong demand with pending sales up 34%, driving home prices up 15% from a year earlier.
Americans Have Gained $2 Trillion in Home Value During the Coronavirus Pandemic
The value of homes in the U.S. has surged 6.7% to $31.4 trillion since February despite skyrocketing unemployment triggered by the pandemic—further widening the wealth gap in America. The total worth of U.S. homes rose 6.7% to $31.4 trillion in October from $29.4 trillion in February. This $2 trillion increase eclipses the $1.7 trillion (6.6%)
42% of Americans Are Hesitant to Move to a Place Where They’d Be in the Political Minority, Up From 32% in June
The share of people who are hesitant to relocate to an area where they’d be in the racial, ethnic or religious minority also increased—to 28% from 20%—according to a Redfin survey. Forty-two percent of U.S. residents would be hesitant to move to an area where most people have political views different from their own, up
Housing Market Update: Home Prices Post Another 15% Gain
U.S. home prices increased 15% and pending sales were up 32% from a year earlier in the four weeks ending October 18.
56% of Redfin Offers Faced Bidding Wars in September, Down From 59% in August
Competition in the housing market remains fierce, but has cooled slightly amid a seasonal slowdown and surging home prices. Nationwide, 56.3% of Redfin offers on homes faced competition in September, down from a revised rate of 59.1% in August. While that’s the first decline in at least five months, a majority of offers still encountered
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