First New-Listings Decline in 5 Months Portends a 2021 Housing Frenzy to Rival 2020
Friday, 15 January 2021, 15:00:00
SEATTLE , Jan. 15, 2021 /PRNewswire/ — (NASDAQ: RDFN ) — The median home sale price increased 14% year over year to $320,025 , according to a new report from Redfin ( redfin.com ), the technology-powered real estate brokerage. Below are other key housing market takeaways for more than 400 U.S. metro areas during the 4-week period ending January 10 . Pending home sales were up 35% year over year. New listings of homes for sale were down 3% from a year earlier—the first decline since July. … Full story available on Benzinga.com
Half of Redfin Home Offers Faced Bidding Wars in December as Housing Market Defied Holiday Slump
Friday, 15 January 2021, 14:00:00
SEATTLE , Jan. 15, 2021 /PRNewswire/ — (NASDAQ: RDFN ) — Nationwide, 49.7% of home offers written by Redfin agents faced bidding wars in December, according to a new report from Redfin ( redfin.com ), the technology-powered real estate brokerage. While that's down from a revised rate of 55.9% in November, it represents the eighth-straight month in which about half of Redfin offers encountered competition. An offer is considered part of a bidding war if a Redfin agent reported that it received at least one competing bid. American homebuyers have faced fervent competition during the coronavirus pandemic, resulting from a jump in relocations made possible by remote work, a severe housing shortage and record-low interest rates. In the first week of 2021, the rate on 30-year fixed mortgages sank to 2.65%—the 17th all-time low in less than a year. The housing market usually slows down significantly during the winter months as families take time off for the holidays and avoid the cold weather, but that wasn't the case this year.
63% of 2020 Homebuyers Made an Offer Sight Unseen, Shattering Previous Record
Thursday, 14 January 2021, 14:30:00
SEATTLE , Jan. 14, 2021 /PRNewswire/ — (NASDAQ: RDFN ) — Nearly two thirds (63%) of people who bought a home last year made an offer on a property that they hadn't seen in person, the highest share since at least 2015. That's up from 32% a year earlier, and 45% in July, which was previously the high point, according to a new report from Redfin ( www.redfin.com ), the technology-powered real estate brokerage. Redfin's report is based on a survey it commissioned in November and December of more than 1,900 homebuyers across 32 major markets. “The virtual home tour is here to stay,” said Redfin chief economist Daryl Fairweather . “Homebuyers who are searching for a home out of town and don't have the … Full story available on Benzinga.com
Home Prices Rose 13% in December, Sales Up 16%
Thursday, 14 January 2021, 14:00:00
SEATTLE , Jan. 14, 2021 /PRNewswire/ — (NASDAQ: RDFN ) — The national median home-sale price rose 13% year over year to $334,300 in December, according to a new report from Redfin ( www.redfin.com ), the technology-powered real estate brokerage. Homebuying demand barely slowed during what is typically one of the slowest months of the year. Closed home sales were up 16% from a year earlier and pending sales were up 35%, while new listings were up just 14%. The housing market's continued intensity is due in large part to the continued decline in home mortgage interest rates. “The December housing market felt more like spring than winter,” said Redfin chief economist Daryl Fairweather . “Right now homebuying demand is seemingly endless, and although new listings are up from a year ago, it's not nearly enough to keep up with demand. This inventory shortage is especially dire in places that have become hot migration destinations during the pandemic, like Salt Lake City .” Median prices increased in each of the 85 largest metro areas Redfin tracks.
Wednesday, 13 January 2021, 11:20:45
Redfin Co. (NASDAQ:RDFN) insider Adam Wiener sold 15,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 12th. The stock was sold at an average price of $80.01, for a total value of $1,200,150.00. Following the completion of the transaction, the insider now owns 290,509 shares of the company’s stock, valued […]
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