Author: News Bot

The coronavirus has affected so many aspects of our lives – from how we work to how we exercise, communicate, and so much more. It has also affected the housing market and how we now buy and sell homes. If

Only half of Black families own their home in Washington, DC, which has the highest Black homeownership rate in the U.S., versus more than 70% of white families. Nationwide, the gap is 44% versus 73.7%. Just 44% of Black families

So you’ve found your dream house and you’re ready to make an offer, but how do you make sure your offer stands out among all the others? How do you make your offer more appealing? Whether you’re dealing with a

A growing share of Redfin users look to leave the Bay Area, Washington, D.C. and Seattle for places like Sacramento, Las Vegas and Nashville. A record 27.0% of home searchers looked to move to another metro area in April and

Low mortgage rates have attracted more buyers to the market—especially first-timers—amid a supply shortage that’s showing no signs of letting up. Meanwhile, prices of expensive homes have risen just 2%. Prices of the most affordable third of homes in the

Pending sales were up 33% and new listings increased 36% from April to May. Home prices nearly flattened, up just 0.5% from last year The housing market showed some early signs of recovery in May as the addition of homes

Homebuyers with secure, high-paying jobs and access to cash and credit take advantage of low mortgage rates, as job losses disproportionately affect low-income and Black workers, already excluded from homeownership. The impact of the coronavirus shutdowns on homebuyer demand has

Closing on a home is exciting, but sometimes you encounter “inspection nightmares” that can break the deal. As a seller, inspection surprises can force you to spend thousands of unexpected dollars to get your house on the market. As a

Half of Redfin offers faced competition, up from 44% in April. In May, 49.4% of Redfin offers faced competition, up from 43.9% during the prior month. While sellers are jumping back into the market as states across the country reopen,

The outside world can be stressful and uncertain – especially right now. Additionally, our personal priorities pull us in many directions, from work calls and meetings to children’s activities, online schooling, and just the normal rigors of life. That’s why

Web searches for single-family homes have popped as the coronavirus pandemic has turned privacy into a hot commodity. Online searches for single-family homes rose to the highest level in four years last month. This comes as the coronavirus pandemic drives

There are all kinds of benefits to downsizing in your golden years — lower energy bills, a smaller space to clean and maintain, and the potential of moving closer to loved ones. It’s a wonderful way to open the door

Key Takeaways Demand is 25% above pre-pandemic levels. Buyers haven’t “batted an eyelash” over the possibility of a resurgent pandemic or now protests. Bidding wars are “bananas” with homes “flying off the shelves.” Sale prices are up 3.1%; asking prices

To Our Redfin Community: On May 31, Redfin joined many other people and companies denouncing racism and racial violence. We believe Black Lives Matter and we support police reform, but we’re writing today about a more fundamental responsibility our company