Inventory Shortage and Rising Prices Intensify Buyer Frustration
For the latest Redfin Real-Time Home-Buyer Tracker, we surveyed more than 1,100 active home-buyers who have recently toured homes with Redfin, in order to get their pulse on the market. With inventory at record lows across the country and home prices on the rise in almost every market, buyer frustration shot through the roof this… Read More
Economic Concerns Melt Away For Home-Buyers, Rising Prices Seen As More Certain
For the latest Redfin Real-Time Home-Buyer Tracker, we surveyed more than 1,000 active home-buyers who have recently toured homes with Redfin. The strongest messages they shared with us were a continued frustration with low inventory and a growing certainty that home prices in their areas are now on the rise. Read More
The Fiscal Cliff and the Cap on Mortgage Interest Deductions: Real Home-Buyers React
The National Association of Realtors is working in deadly earnest to kill the cap on mortgage interest deductions, though it is widely favored by economists of all stripes. We asked 1,084 active home-buyers how the uncertainty over the deduction was affecting their decision-making process… Read More
Homebuyer Enthusiasm Slips; Growing Sense that the Market Is Shifting Toward Sellers
Now that we have data from three quarterly surveys, we see some clear trends emerging. Home buyers surveyed by Redfin… Read More
Here at Redfin, we try hard to figure out when real estate’s going up or down. Because we’re the only broker that employs agents with salary and benefits, market shifts can leave us with idle employees on the payroll, or with customers we have to refer to other brokers. Guessing wrong has cost us millions…. Read More
On Saturday morning, Redfin surveyed 6,062 people who had toured a home with a Redfin agent since January 1, 2012. As of Wednesday at 5 p.m., 1,457 customers had responded. The survey screened out 126 people who had no plans to buy this year, leaving 1,331 respondents. The resulting data give us a uniquely broad,… Read More