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.

Redfin: 3Q Migration Trends Reach Record High

A record-high 26 percent of home searchers looked to move to another metro area in the third quarter, up from 25 percent the year before, said Redfin, Seattle.

Redfin: Bidding Wars Edge Up in September, Bucking Seasonal Trend

Redfin, Seattle, said just 11 percent of offers written by its agents on behalf of their home buying customers faced a bidding war in September, down from 41 percent a year earlier, but up slightly from the eight-year low of 10 percent in August.

Redfin: Bidding Wars Edge Up in September, Bucking Seasonal Trend

Redfin, Seattle, said just 11 percent of offers written by its agents on behalf of their home buying customers faced a bidding war in September, down from 41 percent a year earlier, but up slightly from the eight-year low of 10 percent in August.