Housing Market News
Home Sellers’ Asking Prices up 13% from Last Year as Demand Keeps Soaring
The U.S. housing market was unseasonably strong during the four-week period ending July 12.
Pending Home Sales Retreat Even as Mortgage Rates Dip to New Low
The housing market closed out the month of June on somewhat uneven footing as pending sales pulled back slightly despite another record low for mortgage interest rates.
Pending Home Sales Approach 2019 Levels, Powered by Record-Low Mortgage Rates
Record-low mortgage interest rates below 3% drove pending sales to increase again, nearly to 2019 levels.
Homebuying Demand Just Keeps Getting Stronger
Homebuyer demand is now 25% above pre-pandemic levels. Redfin agents report bidding wars are “bananas” with homes “flying off the shelves.” Sale prices are up 3.1%; asking prices are up 9.9%.
Home-Buying Demand Up 22% After Seven Straight Weeks of Increases; Shortage of Homes for Sale Drives Prices Up 7%
Redfin Chief Growth Officer Adam Wiener shares his weekly update about the impact of the coronavirus on the housing market.
Home-buying Demand Surges on Record-Low Mortgage Rates; Up 17% From Pre-Coronavirus Levels
Adam Wiener, Chief Growth Officer of Redfin, gives his weekly update about the impact of the coronavirus on housing.
