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 year gains we reported for the period ending July 12. 30-year…
Almost half of surveyed homebuyers said they made a bid on a home without seeing it in person, up from 28% in 2019, amid pandemic fears and competition driven by a worsening housing shortage
The post Survey:…
Many renters who were planning a purchase in the next few years, have opted to go ahead and buy now given historically low rates.
The post Homeownership Hits Highest Level Since 2008 Driven by Younger, First-Time Buyers…
1 in 5 successful offers waived the inspection contingency in June as bidding wars intensified amid a deepening housing shortage and record-low interest rates
The post 20% of Winning Home Offers Waived the Inspection Contingency in June,…
The U.S. housing market was unseasonably strong during the four-week period ending July 12.
The post Home Sellers’ Asking Prices up 13% from Last Year as Demand Keeps Soaring appeared first on Redfin | Real Estate Tips…
The national median home price rose 2.8% year over year, reaching an all-time high of $311,300 in June.
The post U.S. Median Home Sale Price up 3% to a New High in June appeared first on Redfin…
54% of Redfin offers faced competition as the supply of homes for sale and mortgage rates continued to fall in June. Single-family homes and townhouses were much more likely than condos to receive multiple bids.
The…
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.
The post Pending Home Sales Retreat Even as Mortgage Rates…
Nationwide, 15.9% of Black Americans who apply for mortgages are rejected, compared with just 7% of white Americans. The gap is even wider in Milwaukee, San Francisco, Detroit and Chicago.
The post Milwaukee, San Francisco and Detroit…
Record-low mortgage interest rates below 3% drove pending sales to increase again, nearly to 2019 levels.
The post Pending Home Sales Approach 2019 Levels, Powered by Record-Low Mortgage Rates appeared first on Redfin | Real Estate Tips…
