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Day: March 5, 2020
With more and more Redfin bids facing multiple offers, the mother of all bidding wars may be on the horizon
A majority of offers submitted by Redfin agents faced competition in January according to a survey of more than 500 Redfin agents across the nation. Competition is spiking hard and early in 2020 and agents are reporting a flood of buyers as home supply sits at its lowest point in seven years, leading to a severe housing shortage in many areas.
“Low mortgage rates have brought buyers back to the housing market, but a lack of listings means buyers
An increase in natural disasters is especially concerning to young minorities in the South and Northeast.
A majority of homebuyers and sellers are concerned about climate change, according to a new survey conducted by Redfin.
Almost three-quarters of respondents (73%) said that an increase in the frequency or intensity of natural disasters at least somewhat factors into their decision about where and whether to buy or sell a home. Only 10% said it doesn’t impact their decision-making process at all.
Climate Change Concerns by Location
Of the 29 U.S. and Canadian destinations we surveyed for this report, Houston’s residents were
iBuyers Purchased 1 in 100 Homes that Sold in the U.S. in 2019
The nation’s top iBuyers purchased 1 of every 100 homes that sold in 2019 across the more than 200 U.S. metro areas Redfin tracks, nearly doubling their 2018 market share of 0.6%. That’s based on a Redfin analysis of MLS and public records data on home purchases and sales made by the most well-known national iBuyers, including Opendoor, Zillow, Offerpad and RedfinNow.
The term “iBuyer” (short for instant buyer) is used to describe real estate companies that use technology and AI to make instant offers to home
A touch of Hollywood glamour had plenty of buyers chasing a luxury Mediterranean-style property in Killara on Saturday.
Five bidders registered for the auction of 12 Garnet St, but it came down to two locals who fought it out to the end – pushing the sale price $400,000 above the guide.
Peter Chauncy, of McGrath Crows Nest, said the bidding opened at $5 million, rising in increments of $100,000, $50,000