Last month more than one-third of homes listed were sold within two weeks, according to the recent monthly housing report from Redfin. The report covered 19 different metro areas across the country and revealed that on average, 34% of homes were under contract within 14 days of being listed. This was an increase from January’s...
A recent Redfin survey of 1,800 active home sellers found that many are holding back from selling their homes because they are expecting the values of their homes to rise in the near future. According to the survey, 38% of the home sellers asked said they plan to hold off on selling their house for over a year, while only...
A recent article on Bloomberg News illustrates how Buyers are taking advantage of low interest rates to purchase new homes or refinance their mortgages. According to the article, sales of existing homes were up 9.6 percent in May compared to a year ago, with 4.6 million homes changing hands at a seasonally adjusted...