Zillow, Seattle, said the share of U.S. homes that sold for more than their list price in 2019 fell to 19.9%, the lowest annually since 2016.
Tag: Redfin
Redfin: New Home Sales Surge in Fourth Quarter as Inventory Tumbles, Prices Flatten
Redfin, Seattle, said new home sales rose by 8.8% year over year in the fourth quarter, the biggest gain in more than two years and the third consecutive quarter of increases, driving continued depletion of inventory in the market.
Where Home Buyers are Searching for Homes–And What They Want Nearby
Two reports shed light on home buyer hot spots–and what’s attracting them to those areas.
Redfin Forecast: ‘The Mother of All Inventory Crunches’
Despite a strong start to the 2020 housing market, Redfin, Seattle, said a deepening shortage of homes for sale and surging homebuyer demand are set to push prices up at the fastest rate in years.
Redfin: U.S. Home Prices Up 7% in December; RE/MAX: ‘Record’ Finish to 2019
Redfin, Seattle, said U.S. home-sale prices increased by 6.9% year over year in December to a median of $312,500. In a separate report, RE/MAX, Denver, said December posted a record finish to the year and decade
Bidding Wars Remain at 10-Year Low
Redfin, Seattle, reported just 9% of offers written by its agents on behalf of their home buying customers faced a bidding war nationwide in December, down from 12% a year earlier and setting another new 10-year low.
Residential Briefs
First American Financial Corp., Santa Ana, Calif., acquired Title Security Agency LLC, a brand within the Arizona real estate community. First American had been a minority owner for five years.
Residential Briefs
First American Financial Corp., Santa Ana, Calif., acquired Title Security Agency LLC, a brand within the Arizona real estate community. First American had been a minority owner for five years.
Housing Markets that Changed Most over Past 10 Years
According to Redfin, Seattle, the U.S. housing market ended the decade in a “vastly different place” than it began.
Home Prices, Values Up; Inventories Down; Credit Scores Improve
Zillow, Seattle, said despite slowing home price growth, home buyers are still feeling the pinch because of low housing inventories and rising rents. In a separate report, Redfin, Seattle, said home price value continued to accelerate, reaching their highest levels since July 2018.