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.

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.

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.

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.