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… Read More »Home-buying Demand Surges on Record-Low Mortgage Rates; Up 17% From Pre-Coronavirus Levels
1 of every 5 homes for sale in April was new construction. The number of newly built homes on the market fell just 10.5% year… Read More »Newly Built Homes Make Up Largest Share of Market Since at Least 2012
The lack of housing supply is partly responsible for surprisingly high competition rates. Nationwide, 41.1% of Redfin offers faced competition in the four weeks ending… Read More »41% of Redfin Offers Faced Bidding Wars in Late April, Early May Amid Coronavirus Pandemic