U.S. Home Prices Barely Budged in February
Home prices rose 0.1% month over month on a seasonally adjusted basis—the slowest growth in seven months. Prices fell in 16 major metros, with the
As a data journalist, Lily is passionate about helping readers understand complex facets of the housing market. She is particularly interested in the issues of climate change, race and gender equality and housing affordability. Prior to working at Redfin, Lily spent four years as a reporter at Bloomberg News in New York City.
Home prices rose 0.1% month over month on a seasonally adjusted basis—the slowest growth in seven months. Prices fell in 16 major metros, with the
When sellers outnumber buyers, the buyers who are in the market have bargaining power. In other words, it’s a buyer’s market. The strongest buyer’s markets
The typical home that went under contract in February spent 66 days on the market—the slowest February pace in a decade. The typical buyer scored
By comparison, the bottom 20% of U.S. earners hold just 5% of real estate wealth. The top 1% of earners in America hold 12.7% of
For the first time, the oldest Americans (70+) held a larger share of real estate wealth than middle-aged Americans (40-54). The 70+ age group is
Redfin estimates inventory could increase 6%-12% in markets where sellers have the flexibility to test out pricing strategies before listing. Allowing sellers to gauge early
Home prices rose 0.1% month over month on a seasonally adjusted basis—the slowest growth in seven months. Prices fell in 16 major metros, with the
When sellers outnumber buyers, the buyers who are in the market have bargaining power. In other words, it’s a buyer’s market. The strongest buyer’s markets
The typical home that went under contract in February spent 66 days on the market—the slowest February pace in a decade. The typical buyer scored
By comparison, the bottom 20% of U.S. earners hold just 5% of real estate wealth. The top 1% of earners in America hold 12.7% of
For the first time, the oldest Americans (70+) held a larger share of real estate wealth than middle-aged Americans (40-54). The 70+ age group is
Redfin estimates inventory could increase 6%-12% in markets where sellers have the flexibility to test out pricing strategies before listing. Allowing sellers to gauge early