Tagged: Redfin

Home prices soared to an all-time high of $363,975 as the market continued to heat up during the four-week period ending Feb. 27.

Americans are still living in their homes longer than before because of older homeowners aging in place, a shortage of homes for sale and relatively low monthly payments.

Freddie Mac survey finds rates had fallen slightly over the past week; economists say conflict one reason for that.

Redfin says 70% of the offers its agents wrote on homes faced bidding wars in January.

A record-setting 57% of homes that went under contract in the four week period ending Feb. 13 sold within two weeks of being listed, according to a report from Redfin, a technology-powered real estate brokerage.

Out-of-towners typically come with bigger budgets, pricing out locals who become stuck renting.

Locals in Phoenix, Dallas, and Orlando are being priced out of these areas as home prices jump nearly 30%.

Redfin’s forecast expects price growth to slow to an annual rate of 7% by the end of 2022.

Redfin surveys find 77% of homebuyers believe there's a housing price bubble, but Redfin economist says it's only a 'ripple.'

Overall, rents are up more than 30% in many major metropolitan areas.