Tag: RF
People moving in from expensive cities and locals with changing needs are contributing to rising home prices and fast sales even as the tourism industry takes the brunt of the pandemic’s economic impact. The typical home-sale price in the Las Vegas metro grew 7.8% year... Read More
Selling a home has many moving parts, and whether you’re a first-time home seller or seasoned seller, the process can be daunting. In a perfect world, the home selling process would be stress-free, where you can list your house, find a qualified buyer, and collect payment. Unfortunately, selling... Read More
RedfinNow buys homes directly, giving homeowners liquidity, certainty and safety Homeowners in the Palm Springs area can now get a cash offer for their home from RedfinNow. By selling to RedfinNow, homeowners get the certainty of an all-cash offer direct from Redfin, the flexibility to pick their... Read More
Black homebuyers, who are less likely than their white counterparts to have jobs that can be done remotely, face higher home prices as white homebuyers move to more affordable suburbs Home prices in neighborhoods where Black people bought homes in 2019 were up 7% in July. Read More
Is there anything cooler than living in a loft? Sure, we love townhouses and condos, but ‘loft’ has a certain ring to it. A loft generally has high ceilings, an open floor plan, and large windows topped off with an upper level bedroom or lounge area. You’ll typically... Read More
Buyers seem undeterred, as pending sales soar 28% and a 9% increase in new listings brings little relief. Key housing market takeaways for 434 U.S. metro areas during the 4-week period ending September 6: Median home sale price increased 13% from 2019 to $319,178—the highest on record. The 13% year-over-year... Read More
iBuyers purchased the fewest homes in more than three years last quarter as the coronavirus pandemic put business on pause. But the market is now making a comeback, with iBuyers seeing a rebound in demand—and even bidding wars—from homeowners who are in search of quick cash and a... Read More
Buying a home is one of the biggest decisions and purchases a person may make. Not only does it come with the financial responsibility of paying a mortgage, but also making sure to keep up on your home maintenance. If you are a homeowner it is important to... Read More
Record-low inventory of homes for sale has “created a complete storm of insanity,” in small, affordable markets like Boise, which is seeing an influx of buyers leaving the West Coast. Key takeaways for the 4-week period ending August 30: Median home sale price increased 12% from 2019 to $318,473—the highest... Read More
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 revised... Read More
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 twelfth-straight... Read More
Historically low rates are motivating homebuyers even though prices were up 8.2% year over year in July, effectively cancelling out the 6.9% increase in purchasing power. A homebuyer with a $2,500 monthly housing budget can afford a home priced $33,250 higher than a year ago, thanks to historically low mortgage... Read More