As protests sweep major U.S. cities, businesses large and small are posting on social media our opposition to racism and violence. It’s important for Black folks within a company and across society to see America unite in opposition to racism. But is that enough? What’s behind the protests’ rage and despair is the sense that

Ahhhh, summer… you’ve made it through the long, dark winter months, and now is the perfect time to spend time outdoors, relaxing, and enjoying the beautiful weather. However, you may find yourself staying at home – and probably in your backyard – more these days given the current climate of what’s happening in the world.

In the wake of the Coronavirus pandemic, the US housing market has experienced increased volatility, and the real estate industry has responded quickly to the abrupt changes by adjusting processes to fit the “new normal” for the time being. Nationwide, the industry has shifted in order to continue doing business and to implement all the

San Francisco homebuyers are now considering farther-flung suburbs in the Bay Area, where they can get more space for less money, as remote work becomes the norm in the age of coronavirus. The housing market in Oakland and suburban parts of the Bay Area are recovering at a faster rate than San Francisco or San

We reported today that Redfin’s home-buying demand is nearly 17% higher than it was before the coronavirus pandemic, as states ease stay-at-home restrictions and businesses begin to reopen. Below are four charts that highlight other recent developments in the housing market as COVID-19 continues to transform residential real estate. Sellers Continue to Jump Back In

Just the Facts: Four Key Housing Market Takeaways for This Week Home-buying demand is now 16.5% above pre-coronavirus levels on a seasonally-adjusted basis, driven by record-low mortgage rates Inventory of homes for sale can’t keep pace with demand. Jerry Diaz, a Redfin agent in Nashville says, “I’m showing a lot of houses, but not selling

1 of every 5 homes for sale in April was new construction. The number of newly built homes on the market fell just 10.5% year over year in April, the smallest decline in 2020 to date, while the supply of existing homes plunged 24%. With the supply of existing homes sinking, new properties now make

The lack of housing supply is partly responsible for surprisingly high competition rates. Nationwide, 41.1% of Redfin offers faced competition in the four weeks ending on May 10. In a handful of metros, the bidding war rate was above 60%.  The coronavirus pandemic is contributing to a shortage in the number of homes for sale

We all want visitors and families to feel welcome when they visit our homes. You also want your home’s exterior looking its best when you are getting ready to sell. Whether you are planning on staying in your home for a few more years or preparing to sell it because you want to move to

The US housing market has gone through many changes during this COVID-19 pandemic. Homebuyers all over the country are wondering how Coronavirus may impact the homebuying process in their local market. As we enter the homebuying and selling season we found that Cleveland’s housing market is still very competitive and many homes are facing multiple