Housing Market News
Homes Flying Off Market at Record Pace—46% Accept an Offer Within 2 Weeks
Trying to buy a home today is starting to feel similar to searching for hand sanitizer or toilet paper in the early days of the coronavirus pandemic…
Late-July Home Sale Prices Up 11%, Largest Annual Increase Since 2014
Key takeaways for the 4-week period ending July 26: Pending home sales were up 12% year over year, an increase from the 7% year over
Home Sellers’ Asking Prices up 13% from Last Year as Demand Keeps Soaring
The U.S. housing market was unseasonably strong during the four-week period ending July 12.
Pending Home Sales Retreat Even as Mortgage Rates Dip to New Low
The housing market closed out the month of June on somewhat uneven footing as pending sales pulled back slightly despite another record low for mortgage interest rates.
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%.
