According to Redfin's latest market analysis, the home sales pace is growing fastest in swing counties as urban homebuyers migrate to suburban locales
Small homes are selling faster but buyers of all income levels want more space
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
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.'
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
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
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
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
Neighborhoods that were redlined have gained $212,000 less home equity since the 1980s, according to a new study from Redfin released Thursday
Despite the slight rise in rates, homebuyer demand remains strong, according to Redfin Chief Economist Darryl Fairweather
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
More than 5% of homes were sold to iBuyers in Phoenix and Raleigh, the top 2 markets for the direct buying platforms
Low supply and high demand will drive the housing market amidst age milestones for millennials and baby boomers
The number of home offers to be fraught by bidding wars is down 19% year-over-year
'We expect to see red places in the middle of the country become redder and the blues bluer as the migration trends continue,' Redfin Chief Economist Daryl Fairweather says