Housing Market

All Reports

Affordability

Supply of Affordable Homes Posts Record Gain as Mortgage Forbearance Ends

November 3, 2021
In the luxury market, demand remains strong but has cooled from its pandemic peak as a return to normalcy has affluent Americans spending their savings outside of the housing market. The supply of America’s most affordable homes for sale jumped a record 13% year over year in the third quarter as mortgage forbearance programs came […]
Bidding Wars

Homebuyer Bidding War Rate Drops to 2021 Low in September

October 22, 2021
59% of home offers faced competition in September, the lowest level in nine months, amid a seasonal housing-market slowdown and an uptick in mortgage rates. In September, 58.9% of home offers written by Redfin agents faced competition—a record low for 2021. That’s down from a revised rate of 60.8% in August and a peak of […]
Luxury Market

Second-Home Demand Jumps in September, Bouncing Back After Summer Slowdown

October 20, 2021
Demand for second homes was up 60% from pre-pandemic levels in September, an uptick from July’s 40% increase but still below March’s record growth. In September, demand for second homes was 60% higher than it was before the coronavirus pandemic hit. While that’s a slowdown from the record 112% surge we saw in March, it’s […]
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