Homebuyer migration rates reach highest level since 2017: Redfin
At a national level, 28.7% of Redfin.com users looked to move to a different metro area during July and August, according to the brokerage's latest migration report
by Lillian Dickerson Sep 24
Redfin: Homes are selling like hot cakes in swing counties
According to Redfin's latest market analysis, the home sales pace is growing fastest in swing counties as urban homebuyers migrate to suburban locales
by Marian McPherson Sep 18
'People want bigger': Sales of large homes surge, Redfin says
Small homes are selling faster but buyers of all income levels want more space
Luxury market shows signs of recovery as home prices rise
A new Redfin report found that the median price of a luxury home in the US is $825,000, a 1.2 percent rise from the same period last year
Bidding wars get brutal as buyers chase dwindling supply
Buyers in some markets are offering hundreds of thousands of dollars over asking prices — and still losing bidding wars. 'Normally there's 13, maybe up to 20 offers. But 39 is bonkers.'
by Jim Dalrymple II Aug 14
New Fannie and Freddie fee could push homeowners off the fence
The government-sponsored enterprises are imposing a 0.5% fee on refinances, a move that, while garnering criticism, could convince homeowners to buy while rates are still low
by Patrick Kearns Aug 13
'It’s as hot a seller’s market as I’ve ever seen': More than half of all July home offers faced competition
Salt Lake City, San Francisco and San Diego were the 3 most competitive metro areas for Redfin agents making offers last month, according to a new Redfin analysis
by Jim Dalrymple II Aug 10
Quarter of homebuyers are moving — and moving sooner than expected
Twenty-five percent of homebuyers reported the pandemic has caused them to move — or speed up their moving timeline, according to a survey conducted by Redfin
Late July home sales prices reach record heights: Redfin
The median home sale price soared 11% year over year during the week ending July 26, bringing that figure up to a record-high of $315K, according to a market report by Redfin
Redlining accounts for a major equity gap for Black homeowners
Neighborhoods that were redlined have gained $212,000 less home equity since the 1980s, according to a new study from Redfin released Thursday
by Patrick Kearns Jun 11
mortgage applications
Despite the slight rise in rates, homebuyer demand remains strong, according to Redfin Chief Economist Darryl Fairweather
by Patrick Kearns Mar 12
Homebuyers see fierce competition across the country
Low mortgage rates and a lack of inventory have created a highly competitive market. In San Jose, one homebuyer had to put 50% down and write a letter to the sellers in order to beat 24 other offers
by Lillian Dickerson Feb 24
IBuyers gobbled 3.1% market share in 3rd quarter of 2019: Redfin
More than 5% of homes were sold to iBuyers in Phoenix and Raleigh, the top 2 markets for the direct buying platforms
by Patrick Kearns Dec 11
6 economists predict what the 2020 housing market has in store
Low supply and high demand will drive the housing market amidst age milestones for millennials and baby boomers
by Marian McPherson Dec 10
Bidding wars plunge to 10-year low
The number of home offers to be fraught by bidding wars is down 19% year-over-year