Homebuying Demand Just Keeps Getting Stronger

6/16/2020

Homebuyer Interest in Single-Family Homes Jumps to Four-Year High - Redfin

Meanwhile, the share of searches for other types of homes, such as condos, townhouses and multifamily listings, has declined. Last month, 7.5% saved searches on Redn.com excluded single-family homes—the lowest level in three years. “One of the biggest benets of living in a condo or an apartment is sharing the cost of rooftops, pools and gyms, but many of these communal amenities have been roped off due to the pandemic,” said Redn lead economist Taylor Marr. “People who were previously willing to share space with strangers in exchange for a nice view and a quick commute now want their own yards and home ofces. Flexible work-from-home policies have made this dream achievable for many house hunters.” During the rst quarter of this year, the median size of new single-family homes climbed to 2,291 square feet from 2,252 in the prior quarter, according to the U.S. Census Bureau—and the National Association of Home Builders said it expects further gains in the future.

Irma Jali, a Redn agent in Houston, recently sold a single-family home to a couple who had moved to Texas due to the pandemic in order to escape their cramped apartment in New See Latest Coronavirus Housing Market News

https://www.redfin.com/blog/interest-in-single-family-homes-reaches-four-year-high/

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