More homebuyers jumped into the market as mortgage rates came down temporarily last week, but it’s still slower than past springs. U.S. pending home sales hit their highest level since September 2022 during the four weeks ending May 3. They rose 7.7% year over year on a seasonally adjusted basis. There are a few reasons […]
Two Florida neighborhoods–Land O’ Lakes and Plant City–top Redfin’s list of this year’s hottest neighborhoods. Six of the top 10 are Midwest suburbs–a signal that homebuyers are chasing affordability without straying too far from big-city jobs and amenities. The New York City area still has pull, too, landing a pair of neighborhoods in the top […]
Home prices during the AI boom have surged far faster in the Bay Area’s luxury zip codes than its non luxury zip codes—a split not seen before the launch of GPT-3.5 or in other major U.S. metros. Luxury zip codes in the San Francisco Bay Area saw a 13.4% average jump in home prices in […]
Young Americans are more likely than older generations to support data centers in their backyards, according to a Redfin survey. AI data centers face more pushback than other proposed building types in neighborhoods, namely new apartments and multi-use complexes. AI data centers are viewed as controversial partly because some Americans believe they strain electricity and […]
Luxury home sales are surging in San Francisco, the epicenter of the AI boom, pushing the median sale price to the highest March level on record. Tight supply is another factor pushing up San Francisco’s luxury prices; active listings are down roughly 15% year over year. San Francisco’s luxury housing market is greatly outperforming the […]
More homeowners are putting their houses on the market, with new listings increasing for the second week in a row after five straight months of declines. U.S. pending home sales rose 2.7% year over year during the four weeks ending April 26, the biggest increase in six weeks. Mortgage-purchase applications have risen to their highest […]