Tag Archives: Daryl Fairweather

Homebuyers see fierce competition across the country

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Low mortgage rates and a lack of inventory have created a highly competitive market. In San Jose, one homebuyer had to put 50% down and write a letter to the sellers in order to beat 24 other offers. Continue reading →

IBuyers gobbled 3.1% marketshare in third quarter of 2019: Redfin

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More than 5 percent of homes were sold to iBuyers in Phoenix and Charlotte, the top two markets for the direct-buying platforms. Continue reading →

6 economists predict what the 2020 housing market has in store

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2020’s housing market will be strikingly similar to 2019 as low mortgage rates bolster buyer demand amidst a persistent inventory shortage. Continue reading →

A third of buyers and sellers don’t want to live in political minority

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“We expect to see red places in the middle of the country become redder and the blues bluer as the migration trends continue,” Redfin Chief Economist says. Continue reading →

Existing-home sales climb for 2nd straight month: NAR

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Existing-home sales inched up 2.6 percent year-over-year in August, according to the latest data from the National Association of Realtors. Continue reading →

Markets near Amazon’s HQ2 now the most competitive in US: Redfin

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Alexandria and Arlington, both in Virginia, boast the two most competitive markets in the country, above Grand Rapids, and Tacoma, according to Redfin. Continue reading →

There’s a solution for high home prices — but most don’t want it

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A new Redfin study reveals that 53% of buyers and sellers oppose high-density housing despite the fact it would significantly improve affordability. Continue reading →