Online searches for homes in suburbs and rural areas has increased since the first quarter of 2020 in most major U.S. metro areas, a piece of evidence that the pandemic has had a measurable impact on homebuyer preferences. In Charlotte, 58.4% of saved searches on Redfin.com were for homes in suburbs and rural areas—as opposed […]
New construction is taking up a bigger piece of the pie as low mortgage rates and surging homebuyer demand make homebuilding more attractive during the coronavirus pandemic. More than a quarter (25.7%) of single-family homes for sale in America during the first quarter were new-construction homes. That’s up from 20.4% a year earlier and represents […]
Prices of urban single-family homes are rising nearly 20% year over year, faster than any other type of home. But this year’s hot housing market doesn’t discriminate: Urban condo sales are up nearly 30% year over year, more than any other home type. Key takeaways from this analysis, which looks at the housing market divided […]