People are staying put longer as rising home prices, a housing shortage and skyrocketing coronavirus cases—especially in senior-living facilities—make moving less attractive for some Americans. But a handful of migration hotspots, including Charlotte, Tampa and Atlanta, are bucking the national trend. A record 25.1% of U.S. homeowners in 2020 have lived in the same home […]
Competition tapered slightly over the holidays, but remained fierce as insufficient housing supply failed to keep up with insatiable demand boosted by record-low mortgage rates and a pandemic-driven moving spree. Nationwide, 49.7% of home offers written by Redfin agents faced bidding wars in December. While that’s down from a revised rate of 55.9% in November, […]
High earners and homeowners are most likely to be optimistic about this year’s housing market, reflecting the unequal economic recovery from the pandemic-driven recession. Sixty percent of homebuyers and sellers believe the housing market will fare better in 2021 than 2020, compared with 17% who believe it will fare worse. That’s according to a Redfin-commissioned […]