The new-homes market is recovering—with sales on the rise—but hurdles including a lumber shortage are still hampering builders. New listings of newly-built homes dropped 4.1% year over year to a seasonally-adjusted rate of 74,000 in August, reversing course after a 3.8% gain in July. Meanwhile, new ...

Pending sales rose 29%, and new listings jumped 6% from last year Key housing market takeaways for 434 U.S. metro areas during the 4-week period ending September 20: The median home sale price increased 14% from 2019 to $ 319,978—the highest on record. The 14% year-over-year increase was the ...

The coronavirus pandemic is exacerbating the trend of moving from expensive coastal areas like San Francisco and New York to affordable inland places like Sacramento, Phoenix and Las Vegas. Portland, OR is also one of the most popular destinations in July after falling off the list in the second ...

Surging homebuyer demand has prompted some sellers to host open houses during the pandemic, but group showings remain much less common than normal due to coronavirus risk, Redfin agents say. Nationwide, 6% of homes that were put up for sale in July held an open house in their first seven days on ...

More buyers are making concessions to win bidding wars amid a deepening housing shortage, record-low interest rates. In June, 19.9% of successful offers submitted by Redfin agents in select major U.S. markets waived the inspection contingency, compared with just 13.2% during the same month in 2019. ...

Key takeaways for the 4-week period ending July 12: Final prices for homes that sold during the period (meaning they likely went under contract in May and June) were up 6% year over year; for homes actively listed during the period, asking prices were up 13%. Pending home sales continued to climb, ...

Feel your best so you can do your best! We know schedules can get busy – whether you’re in the office or working from home more often like many due to the COVID-19 pandemic. Between meeting with borrowers and preparing closings, day-time home distractions from pets and kids, followed ...

Momentum in high-end home-price growth changed course with the onset of the coronavirus pandemic, but the latest data shows luxury home prices are starting to rebound. The median sale price for luxury homes nationwide dropped 2.3% year over year to $ 1,099,521 in the 12 weeks ending June 14, one of ...

Pending sales were up 33% and new listings increased 36% from April to May. Home prices nearly flattened, up just 0.5% from last year The housing market showed some early signs of recovery in May as the addition of homes for sale and contracts to buy homes both increased dramatically from April ...

Just the Facts: Four Key Housing Market Takeaways for This Week Home-buying demand is now 16.5% above pre-coronavirus levels on a seasonally-adjusted basis, driven by record-low mortgage rates Inventory of homes for sale can’t keep pace with demand. Jerry Diaz, a Redfin agent in Nashville says, ...