According to Redfin, Seattle, the U.S. housing market ended the decade in a “vastly different place” than it began.
Tag: Redfin
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.
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.
November Housing Report: Most Expensive Zip Codes; Opportunity Zone Price Bump; Millennial Commutes Increase
At $7 million, Atherton, Calif.’s 94027 is the most expensive zip code for the third year in a row, according to an annual report from PropertyShark, New York.
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.