Housing Market
New Builds Make Up One-Third of Inventory
A new Redfin report shows new builds account for nearly one-third (31.4%) of available inventory—the highest second-quarter share on record.
August 18, 2023
A new Redfin report shows new builds account for nearly one-third (31.4%) of available inventory—the highest second-quarter share on record.
A Bright MLS study shows homes marketed on the MLS sold for an average 18% more than off-MLS homes in 2022—up from a 13% premium in 2020.
A new report from Zillow highlights the challenges buyers face in today’s market, including higher costs and the severe shortage of affordable housing. A related report shows how builders are adapting by increasing production of taller and smaller homes.
Zillow and Redfin just announced a partnership that will help home builders connect with motivated buyers on either platform. Builders partnering with Zillow will begin to see their new listings syndicated to Redfin in the fourth quarter of 2023.
A new Redfin report reveals first-time buyers in the U.S. need about 13% more income to afford a starter home compared to one year ago, largely due to a combination of higher mortgage rates and low inventory keeping home prices high, despite lower demand.
Tom Toole shares three phrases real estate agents can use to keep homebuyers on the right path in today’s market.
A new Zillow report shows buyers pay more for homes with interior walls painted in dark hues rather than lighter neutrals—and about $2.5K more for dark gray kitchens.
Byron Lazine, Tom Toole, and Lisa Chinatti discuss questions knowledge brokers should be asking their clients and prospects right now to steer each conversation to the latter’s greatest benefit.
Tom Storey uses a live demo to break down a survey he sends out to his potential seller clients. This simple strategy will help you 10x your client experience.
Curbio, Inc. released its Preparing to Sell: 2022 Home Improvement Report, showing a disconnect between what buyers want and what sellers are willing to do.
According to a new Redfin report, 33.4% of buyers who purchased a home in April 2023 paid in all cash—up from 30.7% a year ago and just under February’s 33.5%.
A new Redfin report shows 42.9% of home sales during the three months ending April 30 involved seller concessions—just under February’s record high of 45.6% and nearly double the 25.5% from April 2022.
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