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 […]
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 […]
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 […]