Invesment

Home Sellers Are Jumping Back Into the Housing Market as the Coronavirus Pandemic Continues

As states start to relax stay-at-home restrictions amid the coronavirus pandemic, more Americans are putting their homes up for sale—and setting higher expectations for what their houses are worth. But supply has yet to catch up to homebuying demand, which has now eclipsed pre-pandemic levels.

Here are seven charts that illustrate the latest developments in the housing market as COVID-19 continues to transform residential real estate as we know it.

More Sellers Are Listing Their Homes

About 70,000 homes went up for sale during the week ending May 8. While that’s a 30% drop from the same period last year,

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The Furlough (And the Un-Furlough)


This is the third and final part of an account I wrote as Redfin’s CEO about what it has been like to run a publicly traded company hit hard by the pandemic. This part is about how a furlough and a layoff affected our culture, and where we stand now. The first part, published two days ago, was about our dawning recognition of the pandemic. The second was about how we scrambled to keep our business open.

March 31 – April 3: The Furlough Decision

When we closed our offices, we started broadcasting a company meeting every week via

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Diary of a Pandemic, Part 2: Sell, Sell, Sell

This is the second part of an account I wrote as Redfin’s CEO about what it has been like to run a publicly traded company hit hard by the pandemic. This part discusses how, as the crisis deepened, we scrambled to sell assets and make up for employees’ lost bonuses. The first part, published Monday, was about our dawning recognition of the pandemic. The third, to be published tomorrow, is about how a big furlough affected our culture, and where we stand now. We were now two weeks into the crisis. Having closed our offices, virtualized our service and

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We’ve Been Under-Reacting for a Long Time

This is an account I wrote as Redfin’s CEO about what it has been like to run a publicly traded company hit hard by the pandemic. It’s the first of three installments, about our dawning recognition of the pandemic.

The pendulum never stops swinging in the middle. A colleague gets a cough and within hours your offices are closed; within weeks you have almost a hundred million in unsold houses on your books and a thousand idle employees.

The company where I work, Redfin, is a technology-powered real estate broker, half Amazon, half Century 21. We started out as a

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How Coronavirus Has Transformed 4 Different US Housing Markets

Even in places where COVID-19 continues to worsen, supply and demand are showing signs of recovery. But markets that placed restrictions on real estate are lagging behind.

To better understand how the coronavirus pandemic is impacting local housing markets across the country, we identified four of the U.S. metropolitan areas that were hit hard by COVID-19 and analyzed how buyers and sellers are reacting. Specifically, we examined delistings, new listings and home sales in Chicago, where COVID-19 continues to trend upward; Seattle and New Orleans, which have flattened the curve; and Detroit, which has also flattened the

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