Coronavirus Housing Market News
Luxury Home Prices Bounce Back, Rising 1.2% in Early Summer
Luxury real estate prices are rising as the coronavirus pandemic drives demand for extra bedrooms, home offices, big backyards and pools
Unseasonably Hot Late-Summer Housing Market: Prices Up 10%, Pending Sales Up 13%
Home prices typically decline this time of year after hitting a seasonal peak in late June or early July. This year, as of the four weeks ending August 9, home prices were up 3.5% month over month.
Just 6% of Homes Held Open Houses During First Week on Market in July, Down From 16% a Year Earlier
Just 6% of homes held open houses during their first week on the market in July, down from 16% a year earlier as fears around the coronavirus pandemic persist
Homebuyer Interest in Rural Areas Rises, With Prices Up 11% in July
There’s more demand—and less supply—for rural and suburban neighborhoods than cities as the pandemic influences homebuyer preferences. Still, prices are up 6.7% in urban areas.
Homes Flying Off Market at Record Pace—46% Accept an Offer Within 2 Weeks
Trying to buy a home today is starting to feel similar to searching for hand sanitizer or toilet paper in the early days of the coronavirus pandemic…
Bidding Wars Hold Steady in July, With Over Half of Redfin Offers Encountering Competition
54% of Redfin offers faced bidding wars last month amid record-low mortgage rates and an acute shortage of homes for sale.
Luxury Home Prices Bounce Back, Rising 1.2% in Early Summer
Luxury real estate prices are rising as the coronavirus pandemic drives demand for extra bedrooms, home offices, big backyards and pools
Unseasonably Hot Late-Summer Housing Market: Prices Up 10%, Pending Sales Up 13%
Home prices typically decline this time of year after hitting a seasonal peak in late June or early July. This year, as of the four weeks ending August 9, home prices were up 3.5% month over month.
Just 6% of Homes Held Open Houses During First Week on Market in July, Down From 16% a Year Earlier
Just 6% of homes held open houses during their first week on the market in July, down from 16% a year earlier as fears around the coronavirus pandemic persist
Homebuyer Interest in Rural Areas Rises, With Prices Up 11% in July
There’s more demand—and less supply—for rural and suburban neighborhoods than cities as the pandemic influences homebuyer preferences. Still, prices are up 6.7% in urban areas.
Homes Flying Off Market at Record Pace—46% Accept an Offer Within 2 Weeks
Trying to buy a home today is starting to feel similar to searching for hand sanitizer or toilet paper in the early days of the coronavirus pandemic…
Bidding Wars Hold Steady in July, With Over Half of Redfin Offers Encountering Competition
54% of Redfin offers faced bidding wars last month amid record-low mortgage rates and an acute shortage of homes for sale.