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Housing Market

October Is the Best Time For Homebuyers to Score a Deal in These Major U.S. Metros

Early October is typically the best time for homebuyers to score a deal in Boston, Chicago, and a few other U.S. metros, according to a Home Economics and Redfin analysis.  For buyers in Philadelphia, Virginia Beach and a handful of other places, mid-October may be the best time to get a bargain.  In Cleveland, Phoenix […]

U.S. Home Prices Rose 0.25% in August

  Nationwide, home prices grew 0.25% in August, down marginally from 0.26% in July and 0.27% in June.  St. Louis and Pittsburgh had the fastest month-over-month price growth in August. Prices declined most in Austin and Charlotte, both of which have significantly more sellers than buyers in the market. U.S. home prices increased 0.25% month […]

Nearly Half of Homebuyers Get Concessions From Sellers as Most Markets Tip in Buyers’ Favor

Seller concessions are rising because today’s buyer’s market gives house hunters power to negotiate for closing costs, repairs and other perks. Concessions are especially common in Sun Belt buyer’s markets, including Atlanta and Nashville, where about 7 in 10 homebuyers are getting them.  Seller concessions are least common in strong housing markets like the Bay […]
Weekly Market Update

Pending Home Sales Dip to Lowest Level in Nearly 3 Years

The homebuyers who remain in the market have more choices, less competition and more negotiating power. Here’s what you need to know about the U.S. housing market for the four weeks ending September 13: Buyers have more breathing room than they’ve had in years. Pending home sales fell 3.5% from a week earlier to their […]

It’s Now The Strongest Buyer’s Market on Record, Driven by the Sun Belt

Sellers outnumbered buyers by 58% in August, the biggest gap in our records, driven by a surge in listings and stagnant demand.  Nashville, Miami and Houston are the strongest buyer’s markets, with more than double the number of sellers as buyers.  There are just 5 seller’s markets in the U.S., led by New York City […]
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