Tuesday , 26 January 2021

Redfin

Redfin: ‘December Housing Market Felt More Like Spring Than Winter’

According to a new report from Redfin, the national median home-sale price rose 13% year over year to $334,300 in December, as home-buying demand stayed strong during the run-up to the holidays. Closed home sales were up 16% from a year earlier, and pending sales were up 35%, according to Redfin. New listings were up just 14%. “The December housing market felt more like …

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The Surge in Sight-Unseen Property Purchases

Economists say the increased use of live-video home tours, coupled with more people relocating, is “here to stay,” and the majority of homebuyers in 2021 will make offers before seeing a house in person. The post The Surge in Sight-Unseen Property Purchases appeared first on theMReport.com.

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Single-Family Homes Selling at Prices 17% Above Condos

According to a new analysis from Redfin, the typical American single-family home that sold this year went for an average price that was 17.3% more than the typical condo. This is a $58,000 difference in price. This price gap is an increase from the 15.4% difference in price between single-family homes and condos sold last … The post Single-Family Homes …

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How COVID-19 Is Reshaping the Market

A new survey reveals the factors—including the continuing fallout from the pandemic—that are changing the ways Americans think about homeownership. The post How COVID-19 Is Reshaping the Market appeared first on DSNews.

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Unemployment Hits Housing Industry

As insured unemployment hits record levels, Redfin has announced that it will cut 7% of its staff due to decreased housing demand amid the COVID-19 crisis. The post Unemployment Hits Housing Industry appeared first on DSNews.

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