Housing Market
All Reports
March 18, 2022
Bidding wars are intensifying at a slower pace than they were at the start of the pandemic. Nationwide, 68.6% of home offers written by Redfin agents faced bidding wars on a seasonally adjusted basis in February—the highest level in Redfin’s records, which date back to April 2020. That’s up slightly from a revised rate of […]
March 17, 2022
Record-low supply spurs unprecedented winter homebuying competition.
March 17, 2022
Pending home sales continued to outpace 2021 even as the listing shortage dragged on and mortgage rates shot up to above 4% for the first time since May 2019.
March 16, 2022
House hunters are most active on Tuesday evenings, right in the middle of the workweek. In the midst of today’s red-hot housing market, Americans are sitting in their home offices, “working” remotely and browsing Redfin for bigger, fancier home offices … right? Wrong. The most popular time of the week to search for homes on […]
March 15, 2022
The vacation-home boom started fading in February, partly because of rising mortgage rates. Still, demand for second homes is 35% above pre-pandemic levels. Demand for vacation homes dropped sharply in February, with mortgage-rate locks for second homes reaching their lowest level since May 2020. Demand was still up 35% from pre-pandemic levels, but that’s significantly […]
