Real Data
The demand for housing in the U.S. has reached a new all-time high since 2017, a rare occurrence for this time of year when the market typically slows. According to a Redfin report, a recovering economy and all-time low mortgage rates are critical factors in the current market.
As dramatic rent prices impact states across the nation, renters are searching for more affordable places to call home. Nationally, the median rent price is up over 16% since January, with some cities seeing double that, according to a recent Apartment List report.
Demand for second homes was up 70% from pre-pandemic levels in October, according to a new report from Redfin. This outpaced August’s 48% gain but was below January’s record 91% growth.
Real estate brokers are “detecting indecisiveness by some buyers who are getting mixed ‘work from home’ messages from their employers,” according to a report by the Northwest Multiple Listing Service (MLS). This hesitancy, coupled with cooler, wetter weather and
Rental prices are surging to an all-time high after dropping considerably in 2020 due to the pandemic. In September, median rents in the 50 largest metro areas in the U.S. jumped 13.6% compared to the same month last year,
Boston and Raleigh had the highest bidding-war rates, as the rate fell to a 2021 low.
A new report shows that Seattle is leading the nation in showings to prospective home buyers, even as the cooler late fall and winter seasons approach. Seattle recorded an average of 14 showings per listing in September, followed closely
Lack of inventory continues to restrict home sales as fewer homes sold in September, and closed home sales dropped.
Despite low inventory and the competitive nature of the current market, buyers are well-prepared and ready to make offers, according to a recent report by Coldwell Banker Bain. The housing shortage continued to be a problem as the third
Asking prices for homes reached an all-time high in September, despite pending sales and new listings cooling.
Market competition has eased up recently, but seven in 10 buyers still face bidding wars, according to a new report from Redfin.