Housing Inventory Crunch Finally Subsides as Supply Posts First Annual Gain in Nearly Three Years

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September Home Sales Slump, Prices Post Smallest Increase Since the Market Bottomed in 2012 U.S. home-sale prices increased just 2.1 percent in September compared to a year ago, to a median of $292,000 across the 171 metros Redfin tracks. This was the smallest increase in home prices we’ve seen since February 2012, when the median home price bottomed out at … Read More

Spring’s Fastest Markets are Slowing Down this Fall

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Seattle, San Jose and Denver—among the nation’s fastest housing markets—are seeing a dramatic slowdown, with as little as one in three homes going under contract within 14 days, down from two in three earlier this year. As the housing market heated up this spring there were fourteen metro areas around the country (see chart below) where half or more of … 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

The State of the Union: What Role Does Housing Play?

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The U.S. enjoyed the strongest housing market in a decade last year. But in a speech full of economic accolades, President Trump missed an opportunity for a pat on the back. Housing was not mentioned once in his first State of the Union address. Here are three ways housing helped the economy last year: 1. Unprecedented wealth for homeowners Homeowners … 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

Time to Renovate the Mortgage Interest Deduction

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The lack of affordable housing in America’s fast growing cities is reaching epic proportions as more and more families are being priced out of homeownership .  In 2012, a middle class family could afford 44 percent of the homes for sale. By 2016, the share of affordable listings declined 12 percentage points to just 32 percent. This housing equality gap … Read More

The Wage Gap is Following Women Into Homeownership

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Single women build less home equity overtime than single men, according to a new Redfin analysis of 79,517 homes in purchased in 18 of the largest metros by single women in 2012. On those home purchases, women earned a median $171,313 of home equity over five years compared to $186,403 of equity earned by men—a difference of $15,090 or 8.1 … Read More

Home Prices and Buyer Competition Hit New Highs in June as Inventory Drought Dragged into 21st Consecutive Month

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The median home sale price increased 7.3 percent from a year ago to $298,000 in June. This is the highest national median sale price recorded since we began keeping track in 2010. Despite record-high buyer demand during the busy spring market, sales only increased 1.9 percent compared to last year, constrained by a low supply of homes on the market. … Read More