The Number of U.S. Cities with a Typical Home Value of $1 Million Surges
While the typical value of a home in the United States is about $263,000, the number of “million-dollar cities” rose sharply in 2020, according to […]
Residential Real Estate
The Best Performing Residential Markets Around the World
Price appreciation in the Philippine’s capital city of Manila lead the annual ranking of Knight Frank’s latest Global Residential Cities Index for the second year in […]
Record Prices and the Pandemic Slow Down Home Sales in November
Existing-home sales in the U.S. fell in November 2020, ending a five-month streak of monthly gains, according to a report by the National Association of […]
Low Mortgage Rates and a Hot Stock Market Drive Down All-Cash Home Purchases
Nearly a quarter of all home sales in the U.S. were paid for outright, according to a report by Redfin. About 24.3 percent of homes […]
San Diego Ranks First in Home Bidding Wars Says Redfin
National property broker Redfin is reporting this week that 53.6 percent of U.S. home offers written by Redfin agents nationwide faced competition in November 2020. […]
The Housing Market Continues to Roar Ahead
Despite a worsening pandemic, economic disruptions and a divisive political environment, the U.S. housing market continues its unstoppable forge ahead. Demand for new homes (+41%), […]
Homes Sales Surge in September, Prices Up 14.8 Percent from Last Year
Sales of existing homes rose a higher-than-expected 9.4% in September to a seasonally adjusted annualized charge of 6.54 million units, according to a report from […]
Three Real Estate Initiatives on the California Ballot in 2020
In addition to the presidential, congressional and local elections this year, California voters will decide the fate of twelve state propositions, including three directly related […]
Home Prices Up 13%, Biggest Increase Since 2013, Says Redfin
The U.S. median home sale price increased 13% from 2019 to $319,178—the highest on record, according to a new report from Redfin, the technology-powered real estate brokerage. This […]
New Home Buyers Push Demand for Mortgage Applications Up 33% from Last Year
A report by the Mortgage Bankers Association (MBA) Builder Application Survey (BAS) data for August 2020 showed that mortgage applications for new home purchases increased […]