New construction homes in the fourth quarter of 2017 accounted for 16.4 percent of all single-family homes for sale, the highest level since Redfin began tracking this data in 2012, up from from 14.2 a year earlier. This is a needed sign of progress in a housing market plagued by short supply. The median price […]
With mortgage rates and home prices expected to rise and nearly one in five homes selling above list in January, buyers contending for a diminishing supply of homes can expect a competitive year.