Nationally, sellers outnumber buyers by 43%—just shy of the largest gap in records dating back to 2013. When sellers outnumber buyers, the buyers who are in the market have bargaining power. 38 of the most populous metro areas were buyer’s markets in March, up from 29 a year earlier. Just five were seller’s markets, down […]
About two-thirds of homeowners who recently made renovations chose to upgrade their home instead of moving to a new place, per a recent Redfin survey. Within this group of homeowners, millennials and Gen Zers are more likely than older people to remodel instead of move. Most homeowners who renovated in the last year spent less […]
Pending home sales are declining and touring activity is slumping. U.S. pending home sales fell 4.1% from a year earlier during the four weeks ending April 12, the biggest decline in over a year. Sales fell in all but seven of the 50 biggest U.S. metro areas, with the biggest declines in Providence, RI (-17.5%), […]
The median sale price in the Bay Area metro rose 14% year over year in March, compared with a 1% gain nationwide. That helped San Francisco reclaim its title as the most expensive major metro to buy a home. Nationally, the housing market remained sluggish as high costs and economic uncertainty gave buyers and sellers […]
A wave of ultra-luxury deals made coastal Florida the center of America’s priciest home sales in March. Other notable sales include Tom Cruise’s former Beverly Hills estate and a Tennessee ranch. Mark Zuckerberg and Priscilla Chan bought 7 Indian Creek Island Road, a waterfront estate on a Miami island known as the “Billionaire Bunker,” for […]
7% of American workers are canceling plans to make a major purchase, such as buying a home or car, due to their feelings about job security, according to a Redfin survey. Close to one-third (30%) are delaying these major purchase plans. 16% say they have already made a major purchase sooner than expected due to […]