Redfin, Seattle, reported home sales fell on a monthly and annual basis in August for the first time since May 2020, although home prices continued to rise at a double-digit annual pace.
Tag: Home Sales
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.
New Home Sellers Join Market as High Demand Persists
The high buyer demand/rising prices drumbeat kept its rhythm into September as buyers scooped houses off the market at record rates, said Zillow, Seattle.
MBA Chart of the Week: Home Sales and Purchase Applications
As the U.S. economy works its way through the current pandemic and recession, housing has been a clear bright spot in an otherwise dire time. This week’s chart highlights the “V” shaped recovery exhibited by various measures of housing health.
RE/MAX: July Home Sales Show Reversal of Pandemic Slowdown
Despite a limited supply of homes for sale across most metros in the U.S., July home sales continued a recent month-over-month incline, said RE/MAX, Denver.
Record Share of Homebuyers Make Sight-Unseen Offers
Redfin, Seattle, said nearly half (45%) of people who bought a home in the past year made an offer on a property that they hadn’t seen in person, the highest share since at least 2015.
RE/MAX: June Home Sales Amid Strong Home Buyer Demand
Despite record low inventories, RE/MAX, Denver said June home sales posted a solid 37 percent gain as more states loosened stay-at-home mandates stemming from the coronavirus pandemic.
Home Sales Exceed Pre-Pandemic Levels for the First Time; Sentiment Grows for Buying Homes Sight-Unseen
Redfin, Seattle, said home sales surpassed pre-pandemic levels for the first time the week ending July 5, up 2% on a seasonally adjusted basis compared to January and February levels.
Redfin: Housing Market Shows Signs of Rebounding from Coronavirus Shutdowns
Redfin, Seattle, said the housing market showed some early signs of recovery in May as inventory of homes for sale and contracts to buy homes both increased dramatically from April levels.
Analysts: Missing Spring Home Sales to Disperse over ‘Years’
When the coronavirus pandemic turned the economy upside down, anxiety and uncertainty about the future initially kept many home buyers and sellers at bay. Inventory and sales have picked up over the past month, though, and a panel of housing experts and economists sponsored by Zillow, Seattle, say the U.S. housing market hasn’t lost those missing springtime transactions for good. But it could take years for a full recovery.