This morning’s Monday Report features stories that confirm the housing markets remain hot, regardless of location or political preference; what that might mean for down payments; and a housing survey that, thanks to the coronavirus pandemic, was obsolete the moment it was released.
Tag: Redfin
Housing Report Roundup
Welcome to the Friday Housing Report Roundup. Click on the link to see what’s happening.
Housing Report Roundup: Refi Candidates at Record High; Lenders’ Profit Outlook Improves; Homebuyers Undeterred by High Prices
Here’s a roundup of recent housing finance market reports, from Black Knight, Fannie Mae and Redfin.
Low Rates Offer More Affordability, But Higher Prices Cancel Out
Historically low rates are increasing home buyers’ purchasing power, but low inventories and rising home prices are effectively canceling out that purchase power, said Redfin, Seattle.
Housing Market Stays Hot as Sellers Gain Upper Hand
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.
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.