We predict that the housing market will continue to cool into the first half of 2019. Inventory will rise back up to 2017 levels, and price growth, while likely still positive, will be the lowest we’ve seen since 2014 or possibly even 2011. Investors and house-flippers will back away from the cooling market, and real
Still, Housing Demand Remains Double Digits Below Last Year’s Levels Most of Monthly Increase in Homebuyer Activity is Seen in the Touring Stage, with Offer Growth Lagging The Redfin Housing Demand Index increased 5.1 percent from August to 131 in September, after remaining essentially flat around 124 since May. The month-over-month increase in demand was
September Home Sales Slump, Prices Post Smallest Increase Since the Market Bottomed in 2012
Redfin Survey Suggests that Buyers Are Under Less Pressure to Make Hasty Bids as Competition Eases One in five recent homebuyers said they made an offer sight-unseen, according to a Redfin-commissioned survey in May of 1,463 people across 14 major markets who had bought a home in the last year. That’s down from 35 percent
And, how my background in behavioral economics will inform my perspective as Redfin’s chief economist