he U.S. housing market heated up even more during the four-week period ending August 23, said Redfin, Seattle, with strong sales and price growth unfazed by seasonality.
Tag: Redfin
Housing Report Roundup: More San Francisco Home Sellers Dropping Their Prices—And They’re Heading for Sacramento
The ground is shifting in California—and it’s not the San Andreas Fault.
More Space, Please: Sales of Large Homes Up 21%
The typical home that sold in the four weeks ending August 16 was 3.7% larger (1,772 square feet) than sold a year earlier, when it was just 0.4% larger, said Redfin, Seattle.
Late-Summer Home Activity ‘Unseasonably Hot;’ Luxury Home Prices Bounce Back
Redfin, Seattle, said median home prices for the four-week period ending Aug. 9 jumped by 10 percent from a year ago to a record-high $314,000 as the spring home-buying season extended well into late summer.
Home Buyers Not Rushing Back to Open Houses
The trend toward virtual real estate—a necessity during this coronavirus pandemic—might become permanent, with potential home buyers continuing to show little enthusiasm for open houses, said Redfin, Seattle.
Homebuyer Interest in Rural Areas Rises—But Prices Up Everywhere
Redfin Economist Taylor Marr said there’s more demand—and less supply—for rural and suburban neighborhoods than cities as the pandemic influences homebuyer preferences. Homes in rural areas have had higher price growth than suburban and urban areas since April.
Housing Roundup: Low Inventories Drive Up Prices in Hot Sellers’ Market
It’s not just the summer temperatures that are hot: Zillow Inc., Seattle, said despite more new listings added to the market last week than previously, inventories can’t keep up with buyers’ appetite for homes.
Housing Market Roundup Aug. 14, 2020
Here’s a quick-hit summary of housing market headlines this week, featuring reports from Redfin; Bankrate.com; Black Knight; and Fitch Ratings.
Housing Market Roundup Aug. 13, 2020
Here’s a quick-hit summary of housing market headlines this week, featuring reports from Redfin; Bankrate.com; Black Knight; and Fitch Ratings.
One-Quarter of Homebuyers Are Moving–Or Moving Sooner Than Planned–Due to Pandemic
Redfin, Seattle, said three-quarters of homebuyers who plan to buy a home within the next 12 months say the coronavirus pandemic has changed their homebuying plans.