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High-end home prices are showing strength during a recession as the coronavirus pandemic drives demand for extra bedrooms, home offices, big backyards and pools. The median sale price for luxury homes in the U.S. rose 1.2% year over year to

There’s more demand—and less supply—for rural and suburban neighborhoods than cities as the pandemic influences homebuyer preferences. Still, prices are up 6.7% in urban areas. The housing market is hottest in less densely populated areas, with July data showing more

Surging homebuyer demand has prompted some sellers to host open houses during the pandemic, but group showings remain much less common than normal due to coronavirus risk, Redfin agents say. Nationwide, 6% of homes that were put up for sale

Key takeaways for the 4-week period ending August 9: Home sale prices were up 10% year over year—the largest increase in over six years—to another new all-time high of over $314,000. Prices keep climbing month over month, bucking typical seasonality.

New listings surpassed 2019 levels for the first time since the pandemic began, up 3%, but failed to keep up with the rate of sales, up 5% year over year. The national median home price rose 8.2% year over year

It’s an exciting moment when you decide to charge ahead and purchase your first home. You look forward to finding the right house in a neighborhood you like and settling in to become part of the community. Plus in terms

Key takeaways for the 4-week period ending August 2: A record-high share of homes are selling fast: 46% of homes sold within the first two weeks on the market, the highest level since at least 2012 (as far back as

If you’re thinking about leaving the hustle and bustle of the city for more peace and privacy, or just for a more affordable mortgage payment, then a cabin home might be just what you’re looking for. From traditional log cabins

You’ve nearly gone through the entire homebuying process. From those early days of using a mortgage calculator to see how much house you could afford, to touring homes online or in-person, and then finally and excitedly making an offer on

54% of Redfin offers faced bidding wars last month amid record-low mortgage rates and an acute shortage of homes for sale. Salt Lake City was the most competitive market, with 75% of offers encountering competition. More than half of Redfin

So, you’ve decided to sell your home. Congratulations! Before you start playing with a mortgage calculator to see how much you can afford on your next home, you’ll want to know how to sell your current home fast. Ideally, you’re

Low mortgage rates, spending more time at home and working from home are driving forces for people moving due to the coronavirus pandemic.  Three-quarters of homebuyers say the coronavirus pandemic has impacted their homebuying plans, according to a survey of

So, you’ve decided to take an exciting new step in your life and relocate to a new town or even a different state. You may be feeling stressed and overwhelmed with all the scheduling, packing, and expenses that go into

From the West Coast to the East Coast and down to the South, we’ve scoured the real estate market for beautiful homes for sale under $500K. Across the country, we’ve found an array of unique homes whether you like craftsman

Key takeaways for the 4-week period ending July 26: Pending home sales were up 12% year over year, an increase from the 7% year over year gains we reported for the period ending July 12. 30-year mortgage rates have hovered

Homebuyer demand for condos dropped with the coronavirus pandemic, but buyers are starting to return—particularly those searching for affordable homes. Demand for single-family homes has recovered more quickly. Condo sale prices nationwide dropped 1.4% year over year to a median

45% of surveyed homebuyers said they made a bid on a home without first seeing it in person, up from 28% in 2019. Redfin agents cite health concerns around the pandemic and competition fueled by a worsening housing shortage as

You may be surprised to know that home inspection costs can vary widely from state-to-state. What it costs for a house in New York, NY to be inspected most likely will be different than a home in Portland, OR. Quite

So, you’ve spent weeks house hunting and you’ve finally found the perfect home for you and your family. But how much should your initial offer be? Should your offer start above, below, or at list price? Figuring out how much

More buyers are making concessions to win bidding wars amid a deepening housing shortage, record-low interest rates. In June, 19.9% of successful offers submitted by Redfin agents in select major U.S. markets waived the inspection contingency, compared with just 13.2%

Homeownership rates surged to 67.9% in the second quarter, the highest rate since 2008. The 3.8 percentage point increase from 64.1% a year earlier is the largest annual increase in homeownership rates on record. A word of caution about the

Key takeaways for the 4-week period ending July 12: Final prices for homes that sold during the period (meaning they likely went under contract in May and June) were up 6% year over year; for homes actively listed during the

From soaking in the sun during the summer to cozying up by a fire pit in the fall, outdoor living spaces are oftentimes the favorite part of any home. But, unless you live on a large lot of land, chances

The coronavirus pandemic is causing homebuyers to rethink what they want in a home, with more people relocating to places where they can afford more outdoor space and room for home offices, according to Redfin agents. A record 27.4% of