Housing Market

Vacation

Demand For Vacation Homes Up 77% From Pre-Pandemic in December

Demand for second homes fell just slightly last month, but remained well above pre-pandemic levels as affluent buyers continued to take advantage of remote work and low mortgage rates.  Demand for vacation homes was up 77% from pre-pandemic levels in December. That’s slightly below the 80% increase in November and the record 92% gain in […]
Redfin analysis of MLS data
Weekly Market Update

Housing Market Update: Home Prices Rise to New Record High

A dip in new listings contributed to the ongoing supply shortage as home prices hit another all-time high. The median home sale price rose 14.6% year over year to a new all-time high of $361,171 during the four-week period ending December 26 as the number of homes for sale fell to a record low. New […]
real estate

Three-Quarters of Homebuyers & Sellers Report Changing Plans Due to Inflation: Redfin Survey

Roughly one in 10 respondents are cancelling their plans to buy or sell a home because of inflation. 29% are delaying homebuying plans due to inflation, while 24% are accelerating their plans.  Seventy-three percent of homebuyers and sellers say inflation is influencing their future buying  or selling plans, according to a recent Redfin survey.  Twenty-nine […]
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