Coronavirus Housing Market News
Coastal Migrants Boost Las Vegas Home Prices, Up 8% in August, Amid High Local Unemployment Rate
People moving in from expensive cities and locals with pandemic-driven changing needs are contributing to rising home prices and fast sales in Las Vegas.
Home Prices Up 13%, Biggest Increase Since 2013
For the four-week period ending September 6, home prices were up 13%, pending sales rose 28%, and new listings were 9% higher than the same period in 2019.
iBuyer Activity Ground to a Halt in the Second Quarter, With Market Share Plummeting to 0.1%
iBuyers purchased the fewest homes in more than three years in the second quarter. But now business is making a comeback, with iBuyers seeing a rebound in demand—and even bidding wars—from homeowners who are in search of quick cash and a safe way to sell during the pandemic.
Housing Market Sees Biggest Uptick in New Listings in Almost 2 Years as Pending Sales Surge 21%
Home prices continued to rise—new listings increased slightly, but gains were dwarfed by rise in pending sales.
More Than Half of Redfin Offers Faced Bidding Wars in August as the Housing Market’s Competitive Streak Continues
Nearly 55% of Redfin offers for homes faced bidding wars in August. Competition is fierce in coastal California and more affordable places.
America’s Housing Shortage Is Intensifying During the Pandemic—Especially in Relatively Affordable Places Like San Antonio and Baltimore
Relatively affordable places including San Antonio and Baltimore have seen housing supply plummet, while San Francisco has experienced a flood of homes for sale as Americans flee dense, expensive cities
Coastal Migrants Boost Las Vegas Home Prices, Up 8% in August, Amid High Local Unemployment Rate
People moving in from expensive cities and locals with pandemic-driven changing needs are contributing to rising home prices and fast sales in Las Vegas.
Home Prices Up 13%, Biggest Increase Since 2013
For the four-week period ending September 6, home prices were up 13%, pending sales rose 28%, and new listings were 9% higher than the same period in 2019.
iBuyer Activity Ground to a Halt in the Second Quarter, With Market Share Plummeting to 0.1%
iBuyers purchased the fewest homes in more than three years in the second quarter. But now business is making a comeback, with iBuyers seeing a rebound in demand—and even bidding wars—from homeowners who are in search of quick cash and a safe way to sell during the pandemic.
Housing Market Sees Biggest Uptick in New Listings in Almost 2 Years as Pending Sales Surge 21%
Home prices continued to rise—new listings increased slightly, but gains were dwarfed by rise in pending sales.
More Than Half of Redfin Offers Faced Bidding Wars in August as the Housing Market’s Competitive Streak Continues
Nearly 55% of Redfin offers for homes faced bidding wars in August. Competition is fierce in coastal California and more affordable places.
America’s Housing Shortage Is Intensifying During the Pandemic—Especially in Relatively Affordable Places Like San Antonio and Baltimore
Relatively affordable places including San Antonio and Baltimore have seen housing supply plummet, while San Francisco has experienced a flood of homes for sale as Americans flee dense, expensive cities