Luxury Home Sales Hit 6-Year High
As the housing market and the economy both continue to recover, the luxury housing market is making big gains as well, with sales of homes $1 million and up gaining 34% between the first quarter of 2012 and the first quarter of 2013, compared to an increase of just 5% for the market as a… Read More
Redfin Bidding War Report Shows Early Signs of a Cooling Real Estate Market in Some Cities While Competition Intensifies in Others
Welcome to Redfin’s latest in real estate analysis—the Bidding War Report. The data for this report are based on Redfin’s Offer Insights, statistics compiled from more than 2,000 offers written each month by Redfin agents for Redfin’s home-buying clients. In April, 73 percent of the offers Redfin agents wrote faced competition. That percentage, which peaked… Read More
Inventory Shortage Crimps Growth in Tours; Offers Unfazed
May 2013 Redfin Real-Time Demand Pulse (April data) The number of Redfin customers touring homes and making offers both continued to post stronger monthly gains in April this year compared to last year, pointing toward additional gains in May and June sales. With so few homes available to buy, touring strength was softened somewhat. Monthly… Read More
Want to live like The Great Gatsby? You can in one of these homes…
Baz Luhrmann, the director of “Moulin Rouge,” faced a new challenge with “The Great Gatsby,” a movie adaptation of the novel by F. Scott Fitzgerald. The book is set in 1922, during the Roaring Twenties, a period known for economic prosperity and excess. For those who don’t remember ninth grade English, the narrator of the… Read More
LA, Ventura, San Diego Top List of Best Cities for Moms
As Mother’s Day approaches, we thought it would be fun to take a look at the real estate market through the lens of motherhood to help you learn where you can find the best cities for moms. What kinds of things might mom look for in a home? For this analysis, we decided to focus… Read More
Home-Seller Confidence Doubles in the Second Quarter
Responses to Redfin’s Real-Time Seller Survey indicated a dramatic shift in the confidence of home sellers in the second quarter—45 percent of sellers believe now is a good time to sell, up from just 22 percent in the first quarter and 15 percent in the fourth quarter. Meanwhile, 44 percent of sellers believe now is… Read More
Collection of the Week: Eco-Friendly Homes
In honor of Earth day, Redfin released a ranking of the country’s top 10 cities with the greenest homes. The analysis looked at each city’s overall carbon dioxide emissions, as well as the number of homes currently for sale that have “green” features or eco-friendly ratings. The Redfin Collection called “Eco-Friendly Homes” showcases a variety… Read More
How to Save Money by Making Your Home More Eco-friendly
Today Redfin released tips for homeowners who want to reduce their environmental footprint, increase their home value, and save money at the same time. Read More
Is this another real estate bubble or just a lot of hot air?
The number one question Redfin’s real estate agents are being asked these days is: “Is this another bubble?” For now, the answer is no. Overall, the housing market this spring is hot, way hotter than any normal spring. For the most part, this is just the natural result of supply that is at record lows… Read More
Remembering Frank Lloyd Wright: Homes for Sale Designed by the Famed Architect
In honor of Frank Lloyd Wright Remembrance Day, the 54th anniversary of the passing of Frank Lloyd Wright, Redfin gathered a list of homes currently for sale that were influenced by the famed architect. Wright designed nearly 300 homes in his lifetime, a handful of which are available to purchase. The homes represent Wright’s range… Read More