Housing Market
All Reports
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 […]
March 14, 2022
Cash is king when competing for a home, but a buyer’s odds of winning a bidding war also increase significantly by waiving the financing contingency or conducting a pre-inspection. Prospective homebuyers who offered all cash were more than four times as likely to win a bidding war as those who didn’t in 2021, making it […]
March 11, 2022
The typical Phoenix home price rose by the cost of a Porsche, and Boston prices rose by the cost of a Honda minivan, per a Redfin analysis. A homebuyer today could purchase the typical Austin home for $485,000. But if they could go back in time to January 2021, they could have bought a home […]
March 10, 2022
The housing market is worked into a frenzy, unfazed by war in Ukraine, a faltering stock market, and fast-rising gas prices.
March 9, 2022
Today’s house hunters have half as many homes to choose from after surging demand driven by remote work and low mortgage rates intensified the housing shortage. Homes are 34% more expensive, with the median sale price now at $369,000. Buyers are twice as likely to pay above list price as they grapple with fierce competition. […]
