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.
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.
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