Category: Real Estate News & Analysis
National median home price hit a new record of $320,625. Key housing market takeaways for 434 U.S. metro areas during the 4-week period ending October 4: The median home sale price increased 15% year over year to $320,625—the highest on record. The largest increase ever recorded in the Case-Shiller national... Read More
6.5% More Americans Looked to Relocate to Red and Swing Counties than to Blue Counties in the Spring
In search of affordability and space, people are leaving politically liberal areas for conservative places, a trend that’s more pronounced in swing states. Migration to Arizona could play a part in flipping the swing state blue in this year’s presidential election. More people moved from blue... Read More
Historically, home sales have remained relatively flat during presidential election seasons. We expect home sales to continue to grow this fall due to the coronavirus pandemic; we are forecasting more home sales in 2020 than in any year since 2006. Twenty-two percent of homebuyers... Read More
Growth in list prices is down 3 percentage points since the end of August, but pending sales were still up 30% Key housing market takeaways for 434 U.S. metro areas during the 4-week period ending September 27: The median home sale price increased 14% year over year to $319,769—the highest... Read More
Remote work, the desire for privacy and record-low mortgage rates make single-family homes more desirable during the coronavirus pandemic. But condos could make a comeback if single-family home prices continue to surge. Condo sale prices in the U.S. increased 5.4% year over year to a median of $266,000 in August,... Read More
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 largest since... Read More
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... Read More
Remote work is accelerating the trend of migration away from expensive places like New York and San Francisco toward relatively affordable inland areas, where out-of-towners are winning bidding wars and driving up home prices. Nationwide, 28.7% of Redfin.com users looked to move to another metro area in July and August,... Read More
Relatively inexpensive areas outside major cities—like El Dorado County, just east of Sacramento, and Camden County, across the river from Philadelphia—are gaining ground with homebuyers as New York City and San Francisco lose steam. Housing markets that offer homebuyers more bang for their buck and are... Read More
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 October 2013. Read More
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... Read More
The housing market in August resembled a game of musical chairs, as high home prices and low mortgage rates began to draw more sellers to the market: New listings climbed 5%, fueling a 30% increase in pending sales. The national median home price rose 11% year over year to... Read More