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

These are the 10 Best Cities for Pumpkin Spice Lattes

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Fall is officially here, and that means it’s time to indulge in your favorite latte: pumpkin spice. Infused with traditional and modern flavors, every coffee shop adds its own twist on the PSL – but we’ve done some sleuthing and uncovered the 10 best cities for pumpkin spice lattes across the entire United States. Although pumpkin spice latte is most … Read More

Introducing the Redfin Owner Estimate!

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New Feature Combines Machine Learning with Homeowner Input for a Smarter Home Value Estimate Today we announced Redfin Owner Estimate , a tool for homeowners to create an estimate of their home’s value that combines the best of machine learning and human insight. We created the Redfin Estimate to provide an instant answer to homeowners’ most important question: “What is … Read More

Redfin Housing Demand Index Unchanged For Fourth Consecutive Month in August

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The Demand Index posted its largest year-over-year decline since March 2016 The Redfin Housing Demand Index has remained roughly unchanged for the past four months, inching up 0.3 percent from July to 125.2 in August, as an increase in price drops and softening demand in previously hot markets point to an environment enabling homebuyers to be more choosy. The number … Read More

Since 2012, Broad Home-Equity Gains Across Minority and White Neighborhoods

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Minority Neighborhoods Had the Largest Percentage Gains in Home Equity But Starting with More Equity, White Neighborhoods Had the Largest Absolute-Dollar Gains Homeowners in white, minority and mixed-race neighborhoods posted substantial gains in home equity from 2012 to 2018. Minority neighborhoods started with the lowest levels of home equity but had the largest percentage gains. White neighborhoods had the lowest … Read More

Leave Your Car at Home Before Stepping onto These 20 Carless Campuses

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It’s back to school season, and students are planning for another year of classes, friendships and researching the places where they want to continue their education. For students on the hunt, we decided to round up the best college campuses to maneuver without a car. After all, having coffee shops, restaurants and libraries within walking distance saves time and energy … Read More

New Construction Home Prices Increased 3.2% in Second Quarter

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Second-quarter 2018 new construction metrics compared to second quarter 2017: 22.3% of newly built homes sold above their list price, down from 24.8%. For the past seven quarters, the percentage of new construction homes that sold above list has been declining. For existing homes, the percentage sold above list has been increasing over the same time period. New construction home … Read More