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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

Pageviews of houses in small towns are surging amid the coronavirus pandemic, while big cities are staging a more modest comeback. A remote home in the woods in a tiny Illinois village 67 miles southwest of Chicago was one of

As states start to relax stay-at-home restrictions amid the coronavirus pandemic, more Americans are putting their homes up for sale—and setting higher expectations for what their houses are worth. But supply has yet to catch up to homebuying demand, which

Whether you’re looking to purchase or sell a home, not all properties are created equal, and not all retain good resale value. Meaning when the time comes to sell your home, you may receive fewer offers, offers under your asking

Survey shows more than 50% of people in New York, Seattle, San Francisco and Boston would move if work-from-home became permanent. The sudden shift to remote work, brought on by the coronavirus shutdowns will accelerate a major migration away from

Working from home has become the new norm, and will likely become more commonplace in the near future. This has made having a home office more necessary and desired than ever before. If your home doesn’t have a designated room

Just the Facts: Four Key Housing Market Takeaways for This Week Home-buying demand has come roaring back, now 5.5% higher than it was pre-pandemic New listings have increased every week for the past four weeks, but can’t keep up with

This is the second part of an account I wrote as Redfin’s CEO about what it has been like to run a publicly traded company hit hard by the pandemic. This part discusses how, as the crisis deepened, we scrambled

This is the third and final part of an account I wrote as Redfin’s CEO about what it has been like to run a publicly traded company hit hard by the pandemic. This part is about how a furlough and