Post-Pandemic Migration from Expensive Cities Likely As 1 in 4 Newly Remote Employees Expect Work-From-Home to Continue

Build RealtyMarket NewsLeave a Comment

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 expensive coastal cities . According to a new survey of homebuyers and sellers from Redfin, 1 in 4 newly-remote workers … Read More

House Hunters’ Hunger for Small Towns Continues to Soar—Even as Interest in Big Cities Begins to Recover

Build RealtyMarket NewsLeave a Comment

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 the most-viewed listings on Redfin.com in April. Complete with a wood-burning stove and a natural spring running through the property, … Read More

Shortfall in New Supply of Homes for Sale Felt Most Acutely at the High End

Build RealtyMarket News

The coronavirus has driven listings down across the board, but even at its lowest impact point—in the affordable market—there is still not enough supply of homes for sale to meet demand Between mid-March and mid-April, the new supply of homes for sale over $1 million fell 29 points from the year prior, according to a new Redfin analysis of listing … Read More

US Housing Market Reverses Course in March with Coronavirus Shutdowns

Build RealtyMarket News

Record-setting declines include a more than 10% decrease in new listings from a year earlier and a 9% drop in total number of home sales in a single month. This is possibly the most unusual Market Tracker report that Redfin has ever published. At the beginning of March, the housing market was stronger than ever , with February marking the … Read More

Five Charts That Show What’s Happening in the Housing Market Right Now

Build RealtyMarket News

As Americans grow accustomed to a new reality under quarantine, fewer people are delisting their homes, properties are sitting on the market for longer and growth in home prices has officially hit zero, according to research from Redfin. Here are five charts that illustrate the latest developments in the housing market as the coronavirus pandemic continues to upend residential real … Read More

Stock Market Crash and Coronavirus Fears Flip Expectations for Home Prices in a Recession

Build RealtyMarket News

Just 32% of homebuyers and sellers now expect home prices to increase during the next recession, down from 56% in December. Nearly one-third of homebuyers and sellers expect home prices to decline when the next recession hits, a complete flip from just three months earlier, when 56% of those surveyed expected home prices to increase during the next recession. That’s … Read More

Arizona Amasses Californians and the Political Climate is Changing

Build RealtyMarket News

Since 2016 nearly 300,000 new voters have entered Arizona—the majority are Democrats Across the country, Americans are migrating away from traditionally blue states and into ones more commonly red. This is most obvious perhaps in Arizona, one of the fastest growing states in the country, where that growth is being driven by an influx of residents from other states, according … Read More