Today’s housing market is fierce! Due to remote work and record-low mortgage rates, Americans are relocating and purchasing homes at an all-time high. However, there is a major problem – there aren’t nearly as many homes for sale as there are buyers. And this severe housing shortage is ...

The U.S. housing market is in the midst of an inventory crisis. The number of homes for sale in the U.S. is hovering near record lows, caused by a pandemic-induced housing inventory death-spiral. At the same time, home sales have soared close to record highs, suggesting the housing market ...

Investors and first-time homebuyers will quickly buy up an impending wave of foreclosures from homeowners saddled with debt during the pandemic  More than 3.3. million of U.S. homeowners will be on the hook for delinquent payments when mortgage forbearance ends. While some of those homeowners who ...

Homes are selling the fastest in swing counties, a reflection of rising interest in the suburbs as the pandemic drives homebuyers to prioritize space.  The median home price in blue counties nationwide rose 13.1% from a year earlier to $ 346,000 during the four weeks ending September 6. Prices rose ...

New listings of homes for sale were 6% above 2019 levels Key housing market takeaways for 434 U.S. metro areas during the 4-week period ending September 13: Median home sale price increased 13% from 2019 to $ 319,261—the highest on record. The 13% year-over-year increase was the largest since ...

Nearly 55% of Redfin offers for homes faced bidding wars in August. Competition is still fierce in coastal California, and the market is also hot in more affordable places like Sacramento and Phoenix. Nationwide, 54.5% of Redfin offers on homes faced competition in August. Though that’s down from a ...

Meanwhile, San Francisco has experienced a flood of homes for sale as Americans flee dense, expensive cities. America’s housing shortage was intense before the coronavirus hit, with the number of homes for sale slumping 7% year over year in February. Now it’s even more acute: Supply dropped for the ...

Key takeaways for the 4-week period ending August 23: New listings of homes for sale were up 4% from a year ago—the largest increase since the four-week period ending March 15—but active listings continued to fall, down 28% from 2019. Pending home sales rose 20% year over year, even while ...

Key takeaways for the 4-week period ending August 16: Median home sale prices climbed further to a new all-time high of $ 316,375, an increase of 11% from 2019 and the largest year-over-year gain since early 2014. Pending home sales were up 15% year over year, and are showing signs of a more ...

Key takeaways for the 4-week period ending August 9: Home sale prices were up 10% year over year—the largest increase in over six years—to another new all-time high of over $ 314,000. Prices keep climbing month over month, bucking typical seasonality. 46% of homes had an accepted offer within the ...