Impact of Stay at Home and Shelter in Place Orders on Real Estate Services

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In order to understand how shelter in place and stay at home orders are impacting the real estate industry across the country, the Redfin legal team has put together a resource that tracks state and metro area orders and what they mean for real estate. Thanks to Kelly Lennox, Jane Leuchter, Adrienne McKelvey and the entire Redfin COVID-19 Service Response … Read More

National Housing Data Methodology

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Introducing the new national & regional metrics Redfin releases data on a variety of housing indicators each month on our Data Center . Most of the data for these metrics come directly from the local Multiple Listing Services (MLS). Additionally, a handful of metrics are verified with public records data. Historically, all of Redfin’s housing metrics were first calculated at … Read More

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

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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

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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

Here’s Who Is Working From Home Amid the Coronavirus Outbreak

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A quarter of Americans are working from home more frequently due to the coronavirus, according to a survey conducted by Redfin. The results differed significantly by city. In Seattle , which as of March 12, 2020 had the highest number of reported COVID-19 cases of any state, half of prospective homebuyers and sellers said they’re working remotely more often due … Read More

Survey: What Do First-Time Homebuyers Want From the Government? Lower Interest Rates

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Lower interest rates beat out tax credits, easier lending standards, and increased home construction according to a new Redfin survey Interest rates are currently at historic lows, but 66% of first-time homebuyers would like them to be even lower according to a new survey conducted by Redfin. The three most popular government actions among first-time homebuyers—lowering interest rates, providing tax … Read More

US Home Prices Up 7% in December

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A record shortage of homes for sale drove prices up on a monthly and annual basis. U.S. home-sale prices increased 6.9% year over year in December to a median of $312,500 across the 217 metros Redfin tracks. Home prices were also up 1.1% month over month on a seasonally-adjusted basis, the largest increase since February 2018. “Low mortgage rates and … Read More