Redfin Housing Demand Index Posted Slight Decline from March to April Amid Ongoing Inventory Crunch

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The Redfin Housing Demand Index fell 1.3 percent month over month to 106 in April, the third consecutive month of declines. The Demand Index is based on thousands of Redfin customers requesting home tours and writing offers. The Demand Index is adjusted for Redfin’s market share growth. A level of 100 represents the historical average for the three-year period from … Read More

Denver Joins Seattle and San Francisco as a Tech Hub with More People Looking to Move Out than Move In

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In the first three months of 2018, Denver posted a “net outflow” of Redfin users for the first time, meaning that more Denver-based Redfin users were searching for homes in other metro areas than Redfin users elsewhere looking to move in. Of all Denverites using Redfin, 20 percent were searching for homes in another metro, up from 15 percent during … Read More

Homes Sold Faster Than Ever in April; Prices Rose 7.6%

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  The national median home sale price increased 7.6 percent in April from a year ago, to a median of $302,200. This is the first time the national median home price has surpassed the $300,000 mark across the 174 markets that Redfin tracks. While April posted solid growth in home sales, up 5.2 percent from last year, home sales from … Read More

March Home Prices Up 8.9%, the Biggest Increase in Four Years

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The median home sale price increased 8.9 percent in March from a year ago, the highest price growth in four years. The median home sale price in March was $297,000 in the 174 markets that Redfin tracks. The lack of homes for sale, down 11.9 percent year over year, continued to constrain sales, which declined 3.7 percent. The number of … Read More

Despite Record-High Costs, New Home Construction Showed Modest Growth in the Fourth Quarter

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var divElement = document.getElementById(‘viz1519851892823’); var vizElement = divElement.getElementsByTagName(‘object’)[0]; vizElement.style.width=’800px’;vizElement.style.height=’650px’; var scriptElement = document.createElement(‘script’); scriptElement.src = ‘https://public.tableau.com/javascripts/api/viz_v1.js’; vizElement.parentNode.insertBefore(scriptElement, vizElement); New construction homes in the fourth quarter of 2017 accounted for 16.4 percent of all single-family homes for sale, the highest level since Redfin began tracking this data in 2012, up from from 14.2 a year earlier. This is a needed sign … Read More

Amazon: Here’s Where Seattleites Are Already Looking to Move

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Today, Amazon announced the 20 finalist cities vying to host a second headquarters for the tech giant. Wherever HQ2 splashes down, the highly paid tech workers it will transplant and attract are likely to make waves in the local housing market. Amazon’s move is going to add momentum to a trend we expect to intensify in 2018 in which people … Read More

Redfin Housing Demand Index Fell 6.2% from October to November

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The Redfin Housing Demand Index fell 6.2 percent from 136 in October to 127 in November. The Demand Index is based on thousands of Redfin customers requesting home tours and writing offers. The seasonally adjusted number of buyers requesting home tours fell slightly by 1.9 percent, while the number making offers fell 14.7 percent. “Three years of low inventory is … Read More

Landlords Just Got a Big Tax Break

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Through a late provision added to the GOP tax plan last weekend, real estate investors may be on course for a multimillion-dollar tax break. The change would allow real estate investors to take advantage of a new break that provides a 20 percent deduction on taxable income for pass-through companies. A pass-through is a special type of corporate structure, popular … Read More