
Housing Market Update: Home Prices Approach All-Time High
The number of homes for sale fell to an all-time low, down 25% from a year earlier.
Tim Ellis has been analyzing the real estate market since 2005, and worked at Redfin as a housing market analyst from 2010 through 2013 and again starting in 2018. In his free time, he runs the independently-operated Seattle-area real estate website <a href="https://seattlebubble.com/" title="Seattle Bubble"><em>Seattle Bubble</em></a>, and produces the <a href="https://dispatches.fm/" title="Dispatches from the Multiverse">"Dispatches from the Multiverse" improvised comedy sci-fi podcast</a>.

The number of homes for sale fell to an all-time low, down 25% from a year earlier.

However, homebuying demand may be slowing down as winter approaches.

63% of people who moved during the pandemic believe climate change is or will be an issue in the place they now live. Homeowners were twice as likely as renters to have researched climate issues before moving.

Home prices hit a new all-time high as it became even more common for homes to find buyers within one week.

Homebuyers, on the other hand, face a market that is already heating back up with a third of homes selling in just one week.

However, a handful of cities across the country saw rents rise more than 30% from a year earlier, including Miami, Seattle, Portland, OR and Austin.

The number of homes for sale fell to an all-time low, down 25% from a year earlier.

However, homebuying demand may be slowing down as winter approaches.

63% of people who moved during the pandemic believe climate change is or will be an issue in the place they now live. Homeowners were twice as likely as renters to have researched climate issues before moving.

Home prices hit a new all-time high as it became even more common for homes to find buyers within one week.

Homebuyers, on the other hand, face a market that is already heating back up with a third of homes selling in just one week.

However, a handful of cities across the country saw rents rise more than 30% from a year earlier, including Miami, Seattle, Portland, OR and Austin.