Price drops have become a common feature of the cooling housing market, particularly in places that were popular with homebuyers earlier in the pandemic, reported Redfin, Seattle.
Tag: Sheharyar Bokhari
Vacation Home Buyers Ignore Natural Disaster Risk
Redfin, Seattle, said pandemic-era second home and vacation home buyers are largely ignoring natural disaster risk.
Single-Family Rental Investors Purchasing Fewer Houses
Redfin, Seattle, reported single-family rental real estate investors purchased fewer houses in the first quarter than in prior quarters.
Redfin: Homes with High Fire Risk Sell for More as Americans Flock to Fire-Prone Areas
Redfin, Seattle, said its analysis of homes for sale in high fire-risk areas found the median sale price of U.S. homes with high fire risk was $550,500 in April, compared with $431,300 for homes with low fire risk—a difference of nearly $120,000.
Record 1/3 of Houses for Sale Are New Construction
The share of newly built single-family homes on the market is at a record high as builders try to keep up with surging homebuyer demand fueled by low mortgage rates, low inventory and remote work, said Redfin, Seattle.
Redfin: Investors Bought Record 18% of 3Q Homes for Sale
Redfin, Seattle, said real estate investors bought a record 18.2% of the U.S. homes purchased during the third quarter, up from a revised 16.1% in the second quarter and 11.2% a year earlier.
Despite Risk, Homes in High-Flood Areas Flying Off the (Continental) Shelves
Hurricane seasons and climate change are threatening to redraw coastal U.S. maps. But it’s not stopping homebuyers from chasing down waterfront properties.
Redfin: ‘Record-Breaking’ Housing Market Continues
Redfin, Seattle, said home prices and year-over-year price gains hit another high as prices continued to rise during a time of year that they usually decline.
Homebuyers Confront Credit Crunch as Coronavirus Puts Lenders on Edge
Nearly half of all Americans financed their home purchases with down payments of less than 20% last year, according to a new analysis by Redfin, Seattle.