Home prices in car-dependent areas are up 33% since before the pandemic versus 16% for transit-accessible neighborhoods, according to a new report from Redfin, Seattle, reflecting the rise in remote work and the declining importance of proximity to public transportation.
Tag: Home Prices
More than Half of Homes Selling Above List Price
The national median home-sale price hit a record high $377,200 in May, up 26% year over year, reported Redfin, Seattle.
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.
Zillow: New Listings ‘Surge’ Could Relieve Frustrated Shoppers
The inventory crunch bedeviling home searchers could start to turn around as record appreciation of home values entices more owners to sell, reported Zillow, Seattle.
Redfin: New Listings Fall 17%, Home Prices Rise 15%
Redfin, Seattle, reported the median home sale price increased 15% year over year to $321,250 for the four-week period ending Feb 21.
MBA Chart of the Week: Home Equity and Home Prices
Homeowners’ equity in housing was at a record high of $20.4 trillion in the third quarter. The steady upward trend since 2012 was spurred by accelerating home-price growth and low mortgage rates, which have helped many households build equity in their homes.
MBA Chart of the Week: Home Equity and Home Prices
Homeowners’ equity in housing was at a record high of $20.4 trillion in the third quarter. The steady upward trend since 2012 was spurred by accelerating home-price growth and low mortgage rates, which have helped many households build equity in their homes.
Bidding Wars Strong for 7th Straight Month; Homes Selling at Fastest Pace in 8 Years
The national median home price rose 14% year over year to $335,519 in November, according to Redfin, Seattle. And in many housing market hotspots, bidding wars persist for more than half of home sales.
Why the ‘Big Short’ in Housing Supply Will Remain in 2021
Economics is all about supply and demand. In the housing market right now, there’s plenty of demand—but not a lot of supply. And, according to First American Financial Corp., that’s not likely to change any time soon.
77% of Metros Post Double-Digit Home Price Gains in 3Q
ATTOM Data Solutions, Irvine, Calif., said profits for home sellers nationwide continue to hit high points despite the economic distress caused by the coronavirus pandemic.