Housing Market Update

Reports from ATTOM Data Solutions, Redfin, Zillow, RE/MAX and Ellie Mae.

Redfin: Bidding Wars at 10-Year Low in November

Redfin, Seattle said 10 percent of offers written by Redfin agents on behalf of their homebuying customers saw a bidding war in November, down from 29% a year earlier and hovering at the 10-year low for the fifth consecutive month.

Housing Market: ‘Silver Tsunami,’ or More Bidding Wars?

Seattle-based housing giants Zillow and Redfin take different approaches to market’s future, with Zillow predicting a “silver tsunami” as Baby Boomers get set to leave their homes, while Redfin sees constricted inventories presaging a return to bidding wars in many key markets.

Home Reports: Prices Up, Inventories Down

Home sales, which lagged during the first part of 2019, continued their recent rebound with another strong month in October, said RE/MAX, Denver.

Redfin 3Q New Home Sales Up 5.6%

fin, Seattle, said a drop in new home sales prices sparked an uptick in new home sales in the third quarter, the second consecutive quarterly increase.

Luxury Housing Market Stabilizes in 3Q After Weak First Half

Redfin, Seattle, said average sale prices for luxury homes nationwide rose by 0.3 percent year over year to $1.6 million in the third quarter, marking the first time luxury prices did not drop after three straight quarters of declines.

Homeowners Today Staying in Homes Five Years Longer Than in 2010

Redfin, Seattle, said the typical American homeowner has spent 13 years in their home, up from eight years in 2010. Median home tenure increased in all 55 metros Redfin analyzed, leading to decreased inventory available for first-time home buyers in many places.

California Wildfires Put $2 Trillion in Housing at Risk

The winds have died down, somewhat, in California, and the past week’s wildfires are ebbing. But two reports suggest after the totals are tallied up, as much as $2 trillion in housing in four heavily populated counties are at serious risk.