Housing Market News
Pending Home Sales Approach 2019 Levels, Powered by Record-Low Mortgage Rates
Record-low mortgage interest rates below 3% drove pending sales to increase again, nearly to 2019 levels.
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.
Home-buying Demand Surges on Record-Low Mortgage Rates; Up 17% From Pre-Coronavirus Levels
Adam Wiener, Chief Growth Officer of Redfin, gives his weekly update about the impact of the coronavirus on housing.
Home-Buying Demand Passes Pre-Coronavirus Levels; Inventory Down 24%
Adam Wiener, Chief Growth Officer of Redfin, gives his weekly update about the impact of the coronavirus on housing.
New Listings Lag Home-Buying Demand, Homes for Sale in Redfin Markets at 5-Year Low
Adam Wiener, Chief Growth Officer of Redfin, gives his weekly update about the impact of the coronavirus on housing.