Two Years Later: How the Pandemic Has Rocked the U.S. Housing Market
Today’s house hunters have half as many homes to choose from after surging demand driven by remote work and low mortgage rates intensified the housing
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.
Today’s house hunters have half as many homes to choose from after surging demand driven by remote work and low mortgage rates intensified the housing
That’s nearly double the pre-pandemic share. The biggest jump was in Anaheim, where 55% of homes were worth $1 million or more in February, up

70% of home offers written by Redfin agents faced competition in January, up from roughly 60% a year earlier and the highest share in Redfin’s
Redfin economists predict mortgage rates will hit 3.9% by the end of the year. At that level, homebuyers could afford a $382,250 home on $2,000
The total value of U.S. homes soared 19% year over year to $39 trillion in December, the largest gain that month since at least the
In a strong seller’s market, some homeowners are realizing they can attract bidders without offering as high of a percentage to the buyer’s agent. The
Today’s house hunters have half as many homes to choose from after surging demand driven by remote work and low mortgage rates intensified the housing
That’s nearly double the pre-pandemic share. The biggest jump was in Anaheim, where 55% of homes were worth $1 million or more in February, up

70% of home offers written by Redfin agents faced competition in January, up from roughly 60% a year earlier and the highest share in Redfin’s
Redfin economists predict mortgage rates will hit 3.9% by the end of the year. At that level, homebuyers could afford a $382,250 home on $2,000
The total value of U.S. homes soared 19% year over year to $39 trillion in December, the largest gain that month since at least the
In a strong seller’s market, some homeowners are realizing they can attract bidders without offering as high of a percentage to the buyer’s agent. The