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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

The racist 1930s-era housing policy that effectively blocked Black families from obtaining loans continues to widen the wealth gap. Homeowners in redlined neighborhoods have earned 52% less in home equity than those in greenlined areas over the last 40 years.

Summertime brings warmer weather, longer days, and dreams of vacations to beaches or new cities. But what happens when your vacation gets canceled, you’re budgeting to afford a new house, or travel just isn’t possible because we still need to

Austin, Texas continues to grow in popularity and for good reason. Downtown Austin has so much to offer, with a big music scene, great restaurants with unique culture, awesome parks for biking and walking, and a collaborative tech environment. If

Just the Facts: Four Key Housing Market Takeaways for This Week Home-buying demand is up 22% from pre-pandemic levels after seven straight weeks of gains. Sellers are slowly returning, but new inventory can’t keep pace with demand and the number

If you’re getting your house ready to sell, you might be wondering what upgrades you can make to help your home stand out amongst the competition. With the kitchen being one of the most memorable and important areas of any

Your home is your sanctuary and maintaining it is paramount, especially if you ever plan on selling your home in the future you’ll be sure to want top dollar for it. Beyond sweeping floors and mowing your yard, some home

As protests sweep major U.S. cities, businesses large and small are posting on social media our opposition to racism and violence. It’s important for Black folks within a company and across society to see America unite in opposition to racism.

Austin, Texas continues to grow in popularity and for good reason. Downtown Austin has so much to offer, with a big music scene, great restaurants with unique culture, awesome parks for biking and walking, and a collaborative tech environment. If

Ahhhh, summer… you’ve made it through the long, dark winter months, and now is the perfect time to spend time outdoors, relaxing, and enjoying the beautiful weather. However, you may find yourself staying at home – and probably in your

In the wake of the Coronavirus pandemic, the US housing market has experienced increased volatility, and the real estate industry has responded quickly to the abrupt changes by adjusting processes to fit the “new normal” for the time being. Nationwide,

San Francisco homebuyers are now considering farther-flung suburbs in the Bay Area, where they can get more space for less money, as remote work becomes the norm in the age of coronavirus. The housing market in Oakland and suburban parts

We reported today that Redfin’s home-buying demand is nearly 17% higher than it was before the coronavirus pandemic, as states ease stay-at-home restrictions and businesses begin to reopen. Below are four charts that highlight other recent developments in the housing

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 record-low mortgage rates Inventory of homes for sale can’t keep pace with demand. Jerry Diaz,

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 over year in April, the smallest decline in 2020 to date, while the supply of

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 on May 10. In a handful of metros, the bidding war rate was above 60%. 

We all want visitors and families to feel welcome when they visit our homes. You also want your home’s exterior looking its best when you are getting ready to sell. Whether you are planning on staying in your home for

Supply of homes for sale was down 24% from a year ago in April and new listings fell by 42%, but home prices were still up 5% The effects of the coronavirus pandemic and subsequent shutdowns hit the housing market

The US housing market has gone through many changes during this COVID-19 pandemic. Homebuyers all over the country are wondering how Coronavirus may impact the homebuying process in their local market. As we enter the homebuying and selling season we