Coronavirus Housing Market News
Homebuying Demand Rebound Amid Coronavirus Recession Highlights Wealth Divide
The impact of the coronavirus shutdowns on homebuyer demand has so far been short and muted, even in some of the cities that have been the hardest-hit by unemployment during the recession.
Interest in Single-Family Homes Hits Four-Year High
Web searches for single-family homes have popped as the coronavirus pandemic has turned privacy into a hot commodity.
Bidding Wars Climb in May as Coronavirus Intensifies Housing Shortage
While sellers have started to jump back into the market as states across the country reopen, there remains a shortage in houses for sale, which is fueling bidding wars.
Homebuying Demand Just Keeps Getting Stronger
Homebuyer demand is now 25% above pre-pandemic levels. Redfin agents report bidding wars are “bananas” with homes “flying off the shelves.” Sale prices are up 3.1%; asking prices are up 9.9%.
Home-Buying Demand Up 22% After Seven Straight Weeks of Increases; Shortage of Homes for Sale Drives Prices Up 7%
Redfin Chief Growth Officer Adam Wiener shares his weekly update about the impact of the coronavirus on the housing market.
As Remote Work Continues, Bay Area Homebuyers Hone In on Oakland and Other Suburbs
San Francisco homebuyers are now considering farther-flung suburbs in the Bay Area, where they can get more space for less money, as remote work becomes the norm in the age of coronavirus.
Homebuying Demand Rebound Amid Coronavirus Recession Highlights Wealth Divide
The impact of the coronavirus shutdowns on homebuyer demand has so far been short and muted, even in some of the cities that have been the hardest-hit by unemployment during the recession.
Interest in Single-Family Homes Hits Four-Year High
Web searches for single-family homes have popped as the coronavirus pandemic has turned privacy into a hot commodity.
Bidding Wars Climb in May as Coronavirus Intensifies Housing Shortage
While sellers have started to jump back into the market as states across the country reopen, there remains a shortage in houses for sale, which is fueling bidding wars.
Homebuying Demand Just Keeps Getting Stronger
Homebuyer demand is now 25% above pre-pandemic levels. Redfin agents report bidding wars are “bananas” with homes “flying off the shelves.” Sale prices are up 3.1%; asking prices are up 9.9%.
Home-Buying Demand Up 22% After Seven Straight Weeks of Increases; Shortage of Homes for Sale Drives Prices Up 7%
Redfin Chief Growth Officer Adam Wiener shares his weekly update about the impact of the coronavirus on the housing market.
As Remote Work Continues, Bay Area Homebuyers Hone In on Oakland and Other Suburbs
San Francisco homebuyers are now considering farther-flung suburbs in the Bay Area, where they can get more space for less money, as remote work becomes the norm in the age of coronavirus.
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