Home Sales Exceed Pre-Pandemic Levels for the First Time as Mortgage Rates Hit Another Record Low
For the first time, home sales are higher than before the pandemic due to low mortgage rates. With low inventory, homes sell fast and prices rise.
Sheharyar Bokhari is a Principal Economist and spokesperson at Redfin, where he leads housing market research and oversees the data published through Redfin's Data Center.
His research covers luxury real estate, investor activity, climate risk, affordability in the for-sale and rental markets, and generational housing trends across the U.S.
Prior to joining Redfin, he created commercial real estate sale and rental price indices at the MIT Center for Real Estate. He holds a PhD in Urban and Real Estate Studies from MIT.
For the first time, home sales are higher than before the pandemic due to low mortgage rates. With low inventory, homes sell fast and prices rise.
In expensive coastal metros like San Jose, the value of land accounts for more than half of the typical home’s value, far more than it does in inland areas.
Minority Neighborhoods Had the Largest Percentage Gains in Home Equity But Starting with More Equity, White Neighborhoods Had the Largest Absolute-Dollar Gains Homeowners in white,
The Redfin Housing Demand Index is the industry’s first and only measure of housing activity prior to purchase. It is based on thousands of Redfin
Redfin finds that across 45 major metros, 9% of homes for sale are affordable for veterans, down from 27% in 2012.
In U.S. cities, homes within walking distance to jobs, schools, shopping, parks and other urban amenities are both highly desired and extremely rare.
For the first time, home sales are higher than before the pandemic due to low mortgage rates. With low inventory, homes sell fast and prices rise.
In expensive coastal metros like San Jose, the value of land accounts for more than half of the typical home’s value, far more than it does in inland areas.
Minority Neighborhoods Had the Largest Percentage Gains in Home Equity But Starting with More Equity, White Neighborhoods Had the Largest Absolute-Dollar Gains Homeowners in white,
The Redfin Housing Demand Index is the industry’s first and only measure of housing activity prior to purchase. It is based on thousands of Redfin
Redfin finds that across 45 major metros, 9% of homes for sale are affordable for veterans, down from 27% in 2012.
In U.S. cities, homes within walking distance to jobs, schools, shopping, parks and other urban amenities are both highly desired and extremely rare.