Housing Market
All Reports
December 16, 2020
Competition dipped slightly ahead of the holidays, but remained above 50% for the seventh-straight month amid record-low mortgage rates and relocations. Nationwide, 53.6% of home offers written by Redfin agents faced competition in November. While that’s down from a revised rate of 58.5% in October, it represents the seventh-straight month in which more than half […]
December 15, 2020
With the end of the pandemic in sight, more people will relocate than in over a decade The housing market will remain strong through 2021 as the economy recovers from the pandemic-driven recession. In early 2021, homebuyers will remain undeterred by the pandemic, eager to take advantage of sub-3% mortgage rates while they last. Later […]
December 11, 2020
December is typically the slowest month for homebuying, but the housing market is still hot.
December 10, 2020
Even as most of the U.S. housing market is hot, home values are down from last year in parts of Brooklyn, San Francisco and Portland, Oregon, among other places that have been hit hard by the pandemic and the shift to remote work. Home values dropped 20.5% in October from a year before to $136,000 […]
December 10, 2020
Pending home sales were up 54% in low-intensity coronavirus counties last month, outpacing the 45% growth in high-intensity coronavirus counties. There was a similar trend in new listings. Pending home sales rose 54.1% year over year in U.S. counties with low concentrations of Covid-19 cases during the four-week period ending Dec. 1, outpacing the 45.1% […]
