{"id":44340,"date":"2016-02-04T17:42:32","date_gmt":"2016-02-05T01:42:32","guid":{"rendered":"https:\/\/redfindevelop.wpengine.com\/blog\/?p=44340"},"modified":"2020-10-06T17:08:21","modified_gmt":"2020-10-07T00:08:21","slug":"with-prices-so-high-why-no-supply","status":"publish","type":"post","link":"https:\/\/www.redfin.com\/news\/with-prices-so-high-why-no-supply\/","title":{"rendered":"With Prices So High, Why No Supply?"},"content":{"rendered":"

It\u2019s simple economics. When prices rise, people are motivated to sell. But in today\u2019s housing market, reality looks different. Prices are surging but for-sale signs are few and far between. <\/span>
\nIn some cities, the lack of inventory borders on catastrophic. Seattle had 34 percent fewer homes for sale in this January than a year ago. In Portland, inventory was down 27 percent. <\/span>
\nEven where supply has risen, as in Denver and Orange County, Calif. there still aren\u2019t enough homes for sale. Denver had a 1.3-month supply at the end of last year, Orange County had 2.2 months. Nationally, there are only half as many houses for sale as homebuyers demand.<\/span>
\nSellers and buyers are equally matched when there\u2019s about a six-month supply of properties on the market. Chronic short supply has dealt sellers a strong upper hand.<\/span>
\nNo wonder prices climbed nearly 9 percent in December from a year ago. Homes are selling faster, too. A fourth of all new listings go under contract in two weeks or less.<\/span>
\nFor buyers, things won\u2019t get better anytime soon. Here\u2019s why:<\/span><\/p>\n

#1 Builders aren\u2019t building<\/h3>\n
\"starts2\"<\/figure>\n

U.S. homebuilders built an average of 1.5 million homes each year for the 50 year period preceding the housing collapse. Home construction took a nosedive in 2008 and still hasn\u2019t recovered. The U.S. needs about 1.2 million new housing units a year to keep pace with population growth and another 300,000 to replenish homes that are demolished every year. <\/span>
\nThat translates to a total of 12 million houses, condominiums and apartments that should have been built over the last eight years. Instead we\u2019ve built only half as many, and most of that construction has been apartments for rent insead of homes for sale. Builders are starting to ramp up, but it will take years to close that 5.5 million gap. <\/span><\/p>\n

#2 People aren\u2019t trading up<\/h3>\n
\"tenure\"<\/figure>\n

Buyers aren\u2019t the only ones frustrated by the lack of inventory. Increasingly, Redfin agents report that homeowners who want to sell or move choose not to because they can\u2019t find a suitable house to buy or don\u2019t want to get caught up in bidding wars. <\/span>
\nPeople are spending twice as long in their last-purchased home as they did 15 years ago.<\/span> Blame it on seniors who want to age in place or boomers who refuse to downsize or GenXers who\u2019d rather renovate than relocate. It all boils down to the same conclusion, fewer listings.<\/span>
\nNew for-sale listings were off to a slow start in January, even before Snowzilla barreled up the East Coast.<\/span>
\nHomeowners who want to trade up might not be able to, even if they\u2019ve reaped the benefits of rapid appreciation in recent years. Income growth hasn\u2019t kept pace, and for some people a loan might be harder to get now than it was when they bought. <\/span><\/p>\n

#3 More people are becoming landlords<\/h3>\n
\"units\"<\/figure>\n

Investors<\/span> swept up<\/span><\/a> homes at bargain-basement prices after the housing collapse, depriving buyers of all that stock. In the past 10 years housing units occupied by renters grew 25 percent while owner-occupied units slipped 1 percent.<\/span>
\n<\/span>
\n<\/span>And more Regular Joes are joining the ranks of investors, taking advantage of low mortgage rates and high rents. People who can pay cash for a new home or qualify for a mortgage without selling the house they live in are hoarding real estate. With rents at an all-time high, it makes economic sense to become a landlord or join the Airbnb generation. \u00a0<\/span>
\nThe law of supply isn\u2019t broken, just bruised from the worst housing crises since the Great Depression. The good news is, when it comes to the housing market, time can heal all wounds (as long as there\u2019s proper foresight and planning). More construction and smarter zoning are the keys to housing\u2019s future.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

It\u2019s simple economics. When prices rise, people are motivated to sell. But in today\u2019s housing market, reality looks different. Prices are surging but for-sale signs are few and far between.<\/p>\n","protected":false},"author":13421,"featured_media":44943,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[8],"tags":[67,65,70,32],"coauthors":[],"class_list":["post-44340","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-housing-market-news","tag-demand-index","tag-home-seller-tips","tag-home-buyer-tips","tag-housing-market-tracker"],"acf":[],"yoast_head":"\nWith Prices So High, Why No Supply? - Redfin Real Estate News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.redfin.com\/news\/with-prices-so-high-why-no-supply\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"With Prices So High, Why No Supply?\" \/>\n<meta property=\"og:description\" content=\"It\u2019s simple economics. When prices rise, people are motivated to sell. But in today\u2019s housing market, reality looks different. Prices are surging but for-sale signs are few and far between.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.redfin.com\/news\/with-prices-so-high-why-no-supply\/\" \/>\n<meta property=\"og:site_name\" content=\"Redfin Real Estate News\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/redfin\" \/>\n<meta property=\"article:published_time\" content=\"2016-02-05T01:42:32+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-10-07T00:08:21+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2016\/02\/HomeForSaleYardSign.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"748\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Nela Richardson\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@redfin\" \/>\n<meta name=\"twitter:site\" content=\"@redfin\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Nela Richardson\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/with-prices-so-high-why-no-supply\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/with-prices-so-high-why-no-supply\\\/\"},\"author\":{\"name\":\"Nela Richardson\",\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/#\\\/schema\\\/person\\\/bdc24eea913c8cb2aa374507a15cbeaf\"},\"headline\":\"With Prices So High, Why No Supply?\",\"datePublished\":\"2016-02-05T01:42:32+00:00\",\"dateModified\":\"2020-10-07T00:08:21+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/with-prices-so-high-why-no-supply\\\/\"},\"wordCount\":634,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/with-prices-so-high-why-no-supply\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.redfin.com/news\\\/wp-content\\\/uploads\\\/2016\\\/02\\\/HomeForSaleYardSign.jpg\",\"keywords\":[\"Demand Index\",\"Home Seller Tips\",\"Homebuyer Tips\",\"Housing Market Tracker\"],\"articleSection\":[\"Housing Market News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.redfin.com/news\\\/with-prices-so-high-why-no-supply\\\/#respond\"]}],\"copyrightYear\":\"2016\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/with-prices-so-high-why-no-supply\\\/\",\"url\":\"https:\\\/\\\/www.redfin.com/news\\\/with-prices-so-high-why-no-supply\\\/\",\"name\":\"With Prices So High, Why No Supply? - Redfin Real Estate News\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/with-prices-so-high-why-no-supply\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/with-prices-so-high-why-no-supply\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.redfin.com/news\\\/wp-content\\\/uploads\\\/2016\\\/02\\\/HomeForSaleYardSign.jpg\",\"datePublished\":\"2016-02-05T01:42:32+00:00\",\"dateModified\":\"2020-10-07T00:08:21+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/with-prices-so-high-why-no-supply\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.redfin.com/news\\\/with-prices-so-high-why-no-supply\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/with-prices-so-high-why-no-supply\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.redfin.com/news\\\/wp-content\\\/uploads\\\/2016\\\/02\\\/HomeForSaleYardSign.jpg\",\"contentUrl\":\"https:\\\/\\\/www.redfin.com/news\\\/wp-content\\\/uploads\\\/2016\\\/02\\\/HomeForSaleYardSign.jpg\",\"width\":1200,\"height\":748},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/with-prices-so-high-why-no-supply\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.redfin.com/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"With Prices So High, Why No Supply?\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/#website\",\"url\":\"https:\\\/\\\/www.redfin.com/news\\\/\",\"name\":\"Redfin Real Estate News\",\"description\":\"The latest real estate news and research from technology-powered residential real estate company, Redfin.\",\"publisher\":{\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.redfin.com/news\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/#organization\",\"name\":\"Redfin\",\"url\":\"https:\\\/\\\/www.redfin.com/news\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/www.redfin.com\\\/news\\\/wp-content\\\/uploads\\\/2020\\\/10\\\/Redfin-News-Logo.png\",\"contentUrl\":\"https:\\\/\\\/www.redfin.com\\\/news\\\/wp-content\\\/uploads\\\/2020\\\/10\\\/Redfin-News-Logo.png\",\"width\":1100,\"height\":235,\"caption\":\"Redfin\"},\"image\":{\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.facebook.com\\\/redfin\",\"https:\\\/\\\/x.com\\\/redfin\",\"https:\\\/\\\/www.instagram.com\\\/redfinrealestate\\\/\",\"https:\\\/\\\/www.linkedin.com\\\/company\\\/redfin\",\"https:\\\/\\\/www.pinterest.com\\\/redfin\\\/\",\"https:\\\/\\\/en.wikipedia.org\\\/wiki\\\/Redfin\"]},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/#\\\/schema\\\/person\\\/bdc24eea913c8cb2aa374507a15cbeaf\",\"name\":\"Nela Richardson\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/85fa132e1cbb75f73a6ff2e4a15eb4df33ac90a4ab070611389fc6bf4d468ea9?s=96&d=wp_user_avatar&r=g5f13dd2607eeea8d60a440b621ce21b1\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/85fa132e1cbb75f73a6ff2e4a15eb4df33ac90a4ab070611389fc6bf4d468ea9?s=96&d=wp_user_avatar&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/85fa132e1cbb75f73a6ff2e4a15eb4df33ac90a4ab070611389fc6bf4d468ea9?s=96&d=wp_user_avatar&r=g\",\"caption\":\"Nela Richardson\"},\"description\":\"Nela leads Redfin\u2019s housing market research team on data reports that help Redfin customers make informed choices. She comes to Redfin from Bloomberg LP, where she served as a senior economist with Bloomberg Government. She also served in past roles in the mortgage industry, capital markets and financial policy. Redfin is a full-service real estate brokerage that uses modern technology to make clients smarter and faster. For more information about working with a Redfin real estate agent to buy or sell a home, visit our \\\"Why Redfin?,\\\" page.\",\"url\":\"https:\\\/\\\/www.redfin.com/news\\\/author\\\/nela-richardsonredfin-com\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"With Prices So High, Why No Supply? - Redfin Real Estate News","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.redfin.com\/news\/with-prices-so-high-why-no-supply\/","og_locale":"en_US","og_type":"article","og_title":"With Prices So High, Why No Supply?","og_description":"It\u2019s simple economics. When prices rise, people are motivated to sell. But in today\u2019s housing market, reality looks different. Prices are surging but for-sale signs are few and far between.","og_url":"https:\/\/www.redfin.com\/news\/with-prices-so-high-why-no-supply\/","og_site_name":"Redfin Real Estate News","article_publisher":"https:\/\/www.facebook.com\/redfin","article_published_time":"2016-02-05T01:42:32+00:00","article_modified_time":"2020-10-07T00:08:21+00:00","og_image":[{"width":1200,"height":748,"url":"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2016\/02\/HomeForSaleYardSign.jpg","type":"image\/jpeg"}],"author":"Nela Richardson","twitter_card":"summary_large_image","twitter_creator":"@redfin","twitter_site":"@redfin","twitter_misc":{"Written by":"Nela Richardson","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.redfin.com\/news\/with-prices-so-high-why-no-supply\/#article","isPartOf":{"@id":"https:\/\/www.redfin.com\/news\/with-prices-so-high-why-no-supply\/"},"author":{"name":"Nela Richardson","@id":"https:\/\/www.redfin.com\/news\/#\/schema\/person\/bdc24eea913c8cb2aa374507a15cbeaf"},"headline":"With Prices So High, Why No Supply?","datePublished":"2016-02-05T01:42:32+00:00","dateModified":"2020-10-07T00:08:21+00:00","mainEntityOfPage":{"@id":"https:\/\/www.redfin.com\/news\/with-prices-so-high-why-no-supply\/"},"wordCount":634,"commentCount":0,"publisher":{"@id":"https:\/\/www.redfin.com\/news\/#organization"},"image":{"@id":"https:\/\/www.redfin.com\/news\/with-prices-so-high-why-no-supply\/#primaryimage"},"thumbnailUrl":"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2016\/02\/HomeForSaleYardSign.jpg","keywords":["Demand Index","Home Seller Tips","Homebuyer Tips","Housing Market Tracker"],"articleSection":["Housing Market News"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.redfin.com\/news\/with-prices-so-high-why-no-supply\/#respond"]}],"copyrightYear":"2016","copyrightHolder":{"@id":"https:\/\/www.redfin.com\/news\/#organization"}},{"@type":"WebPage","@id":"https:\/\/www.redfin.com\/news\/with-prices-so-high-why-no-supply\/","url":"https:\/\/www.redfin.com\/news\/with-prices-so-high-why-no-supply\/","name":"With Prices So High, Why No Supply? - Redfin Real Estate News","isPartOf":{"@id":"https:\/\/www.redfin.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.redfin.com\/news\/with-prices-so-high-why-no-supply\/#primaryimage"},"image":{"@id":"https:\/\/www.redfin.com\/news\/with-prices-so-high-why-no-supply\/#primaryimage"},"thumbnailUrl":"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2016\/02\/HomeForSaleYardSign.jpg","datePublished":"2016-02-05T01:42:32+00:00","dateModified":"2020-10-07T00:08:21+00:00","breadcrumb":{"@id":"https:\/\/www.redfin.com\/news\/with-prices-so-high-why-no-supply\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.redfin.com\/news\/with-prices-so-high-why-no-supply\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.redfin.com\/news\/with-prices-so-high-why-no-supply\/#primaryimage","url":"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2016\/02\/HomeForSaleYardSign.jpg","contentUrl":"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2016\/02\/HomeForSaleYardSign.jpg","width":1200,"height":748},{"@type":"BreadcrumbList","@id":"https:\/\/www.redfin.com\/news\/with-prices-so-high-why-no-supply\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.redfin.com\/news\/"},{"@type":"ListItem","position":2,"name":"With Prices So High, Why No Supply?"}]},{"@type":"WebSite","@id":"https:\/\/www.redfin.com\/news\/#website","url":"https:\/\/www.redfin.com\/news\/","name":"Redfin Real Estate News","description":"The latest real estate news and research from technology-powered residential real estate company, Redfin.","publisher":{"@id":"https:\/\/www.redfin.com\/news\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.redfin.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.redfin.com\/news\/#organization","name":"Redfin","url":"https:\/\/www.redfin.com\/news\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.redfin.com\/news\/#\/schema\/logo\/image\/","url":"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2020\/10\/Redfin-News-Logo.png","contentUrl":"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2020\/10\/Redfin-News-Logo.png","width":1100,"height":235,"caption":"Redfin"},"image":{"@id":"https:\/\/www.redfin.com\/news\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/redfin","https:\/\/x.com\/redfin","https:\/\/www.instagram.com\/redfinrealestate\/","https:\/\/www.linkedin.com\/company\/redfin","https:\/\/www.pinterest.com\/redfin\/","https:\/\/en.wikipedia.org\/wiki\/Redfin"]},{"@type":"Person","@id":"https:\/\/www.redfin.com\/news\/#\/schema\/person\/bdc24eea913c8cb2aa374507a15cbeaf","name":"Nela Richardson","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/85fa132e1cbb75f73a6ff2e4a15eb4df33ac90a4ab070611389fc6bf4d468ea9?s=96&d=wp_user_avatar&r=g5f13dd2607eeea8d60a440b621ce21b1","url":"https:\/\/secure.gravatar.com\/avatar\/85fa132e1cbb75f73a6ff2e4a15eb4df33ac90a4ab070611389fc6bf4d468ea9?s=96&d=wp_user_avatar&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/85fa132e1cbb75f73a6ff2e4a15eb4df33ac90a4ab070611389fc6bf4d468ea9?s=96&d=wp_user_avatar&r=g","caption":"Nela Richardson"},"description":"Nela leads Redfin\u2019s housing market research team on data reports that help Redfin customers make informed choices. She comes to Redfin from Bloomberg LP, where she served as a senior economist with Bloomberg Government. She also served in past roles in the mortgage industry, capital markets and financial policy. Redfin is a full-service real estate brokerage that uses modern technology to make clients smarter and faster. For more information about working with a Redfin real estate agent to buy or sell a home, visit our \"Why Redfin?,\" page.","url":"https:\/\/www.redfin.com\/news\/author\/nela-richardsonredfin-com\/"}]}},"_links":{"self":[{"href":"https:\/\/www.redfin.com\/news\/wp-json\/wp\/v2\/posts\/44340","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.redfin.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.redfin.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.redfin.com\/news\/wp-json\/wp\/v2\/users\/13421"}],"replies":[{"embeddable":true,"href":"https:\/\/www.redfin.com\/news\/wp-json\/wp\/v2\/comments?post=44340"}],"version-history":[{"count":0,"href":"https:\/\/www.redfin.com\/news\/wp-json\/wp\/v2\/posts\/44340\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.redfin.com\/news\/wp-json\/wp\/v2\/media\/44943"}],"wp:attachment":[{"href":"https:\/\/www.redfin.com\/news\/wp-json\/wp\/v2\/media?parent=44340"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.redfin.com\/news\/wp-json\/wp\/v2\/categories?post=44340"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.redfin.com\/news\/wp-json\/wp\/v2\/tags?post=44340"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/www.redfin.com\/news\/wp-json\/wp\/v2\/coauthors?post=44340"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}