Yet another report this week shows U.S. home prices with double-digit percentage annual home price gains, although not nearly as dramatic as earlier reports. And, said Redfin, Seattle, pending sales are slowing and homes are taking longer to sell—and sellers are taking notice by slashing their asking prices.
Tag: Daryl Fairweather
Redfin: 12 Straight Months of Double-Digit Home Price Increases
Redfin, Seattle, said the median price of homes sold in July jumped by nearly 20% from a year earlier to a record high $385,600, down from a peak of 26% in May but still higher than any point on record prior to April of this year.
Prices of Most, Least Expensive U.S. Homes Surge Fastest
Redfin, Seattle, reported luxury home prices soared 26 percent year-over-year in the second quarter, while prices of the most affordable homes grew 19 percent. Both segments outpaced the rest of the market.
Prices of Most, Least Expensive U.S. Homes Surge Fastest
Redfin, Seattle, reported luxury home prices soared 26 percent year-over-year in the second quarter, while prices of the most affordable homes grew 19 percent. Both segments outpaced the rest of the market.
Apartment, Condo Demand Jumps
Demand for U.S. apartments and condominiums jumped in June, analysts said.
Share of Homes Bought with All Cash Hits 30% for First Time Since 2014
Redfin, Seattle, said nearly one-third (30%) of U.S. home purchases this year were paid for with all cash, up from 25.3% during all of 2020 to the largest share since 2014 (30.6%).
Demand For Vacation Homes Falls for First Time in a Year
Redfin, Seattle, said buyers who locked in mortgage rates to purchase a second home nationwide fell 11.1% year over year in June, a reversal from the yearlong surge in demand for vacation homes driven by the pandemic.
Redfin: 7 in 10 Buyers Still Face Bidding Wars
Redfin, Seattle, said 70.4% of home offers written by Redfin agents faced competition in May, down from 73.6% in April, but still up significantly from 52.7% a year ago.
Redfin: Relief from Red-Hot Market May Be on Way
Redfin, Seattle, said asking prices leveled off as pending sales–which were rising at this time in 2019–posted a 3% monthly decline. Homes still sold for record prices, at record speeds.
High-End Home Sales Twice as Fast as Mid-Range Homes
High-end home purchases U.S. jumped by 26% year over year during the three months ending April 30, compared to a 17.8% gain in purchases of affordable homes and a 14.8% increase in purchases of mid-priced homes, reported Redfin, Seattle.