Despite risk, California fire zones still see rising home prices

A new study by Redfin found that in the areas impacted by California’s five largest wildfires between 2010 and 2020, home values grew at a rate of 21 percent, slightly slower than the surrounding markets. Continue reading

Are sellers getting greedy? Asking prices surge to new record

The median asking price of newly listed homes for sale surged 12 percent year over year to a record high of $361,250, according to a new Redfin report. Continue reading

Fall housing outlook: Cooling prices, tighter inventory, less competition

As the weather cools, so too will competition and housing prices, experts told Inman for its 2021 Fall Housing Market Outlook. Still, agents can expect inventory to remain tight Continue reading

Fewer homes sell in August than last year, a first since pandemic boom

Home sales declined in August on a seasonally adjusted basis, settling in 6 percent lower than the same time last year. Continue reading

Home prices show signs of leveling off for first time in months

After five consecutive months of record home prices, the market appears to be plateauing according to several key indicators. Continue reading

Selling to buy? It should get easier in coming weeks, report says

Conditions should start to improve for buyers while remaining great for sellers if current trends hold, according to a new Redfin report. Continue reading

Americans still want to relocate — even as pandemic fears dwindle

The number of Redfin.com users who searched for a property outside of where they currently live rose to 31.1 percent during the second quarter, up from 27.6 percent the year before. Continue reading

June home sales see largest decline since 2012: Redfin

Homes also sold at their priciest and quickest pace on record during June, but Redfin said that sales pace and market competition have now likely peaked for 2021. Continue reading

Mortgage boom for second homes takes hit amid new lending rules

New lending rules and a return to the office may have dented the prolific rise in demand for second-home loans, according to new data. Continue reading