In recognition of National Homeownership Month in June, we surveyed American homeowners about how their homes and neighborhoods make them feel. Most homeowners have warm feelings about their home, with 74% saying their home is a reflection of who they are. The same share, 74%, agreed they would rather be home than anywhere else. Most […]
Luxury U.S. home prices are up 4.7% year over year, compared to a 1.5% increase in non luxury prices, as homebuying demand from affluent people continues to outpace demand from average Americans. High-end buyers are more active partly because they’re less sensitive to high mortgage rates and today’s economic uncertainty. Luxury prices are rising fastest […]
The median U.S. home price hit a record high, one factor that’s pushing some prospective buyers away. New listings of U.S. homes for sale fell 1.7% from a week earlier during the week ending June 21 to their lowest level since February. The total number of homes for sale dipped 0.4% week over week, the […]
More than half of homes are selling above asking price in Newark, San Francisco, San Jose and Nassau County, making them the most competitive markets in the nation. The AI boom is leading to bidding wars in the Bay Area, and in the Northeast, many metros are seller’s markets. The least competitive markets are in […]
Home prices rose 0.3% month over month on a seasonally adjusted basis. Prices rose 2.5% on a year-over-year basis–the fastest growth rate in six months. On a local level, prices rose in 29 major metros month over month, with the biggest increases in Cleveland, Providence and New York. This is based on the Redfin Home […]
Nearly half of U.S. home sellers gave concessions to buyers in May, the highest May share in our records Concessions were most common in Nashville, the nation’s strongest buyer’s market, where three-quarters of sellers handed out concessions to attract buyers. They were least common in the Bay Area and other markets that are tilting toward […]