America s housing market has grown so overheated as demand outpaces supply that prices keep hitting record highs – and roughly half of all U.S. houses are now
The migration of Bay Area buyers seeking bigger, more affordable homes in the Sacramento region s suburbs could shift once Gov. Gavin Newsom fully reopens the state s economy, according to trends identified by Redfin.com. I think that when the economy fully reopens, we will see more people wanting to live in the downtown area and enjoy what downtowns have to offer, the restaurants, the bars and the nightlife, said Daryl Fairweather, chief economist for real estate brokerage firm Redfin. We have seen people really have a preference for single-family homes with more space, but as things open up I think there will be more demand for downtown condos where you can be closer to the action. Latest Redfin Monthly Market Tracker:Sacramento: 72.5% of homes sold above list price last month. Nationally: 48.9%.Sales prices up 23.3% from a year ago. Nationally: 22%.Sales up 58.4% from a year ago. Nationally: 34%.Large investors have reentered the housing market after sitting on the sideline
Share this article
Share this article
SEATTLE, May 19, 2021 /PRNewswire/ (NASDAQ: RDFN) U.S. home purchases by investors rose 2.7% year over year in the first quarter, marking the first period of growth since the coronavirus pandemic began, according to a new
www.redfin.com), the technology-powered real estate brokerage. That follows three consecutive quarters of declines, during which investor purchases slumped by as much as 45.5%.
Redfin defines an investor as any institution or business that purchases residential real estate.
Investors bought about 1 of every 7 U.S. homes (14.9%) in the first quarter a rebound from the prior three quarters, during which they bought closer to 1 in 10 homes. Investor market share is now just shy of the 16.1% level it hit in the first quarter of 2020, when the pandemic had barely begun.
Privacy Overview
This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience. Necessary