Image Credit: Jschnake - CC BY-SA 4.0/Wiki Commons

Home sellers outnumbered buyers by a record 58% in August, and Nashville led with 139% more sellers

Sellers outnumbered buyers by 58% nationally in August, the largest gap Redfin has recorded, with an estimated 1,534,918 sellers active in the market against roughly 972,300 buyers, the company reported. Nashville led every metro Redfin measured, with 139% more sellers than buyers, the largest local gap in the company’s records dating back to 2013. Redfin…

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New houses under construction with wooden framing

Building permits fell 2.7% in August to a 1.394 million pace but were 3.5% above a year earlier

Building permits are the paperwork stage of construction, filed before a shovel ever touches the ground, which makes August’s numbers a look further into the future than the starts figures released the same day. The Census Bureau’s count shows fewer permits issued in August than in July, but meaningfully more than were issued in August…

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Image Credit: Beyond My Ken - CC BY-SA 4.0/Wiki Commons

Redfin names 16 metros where October is the best time to get a deal on a home, including Boston, Chicago and Phoenix

October isn’t a single moment in the housing calendar, according to Redfin, but a rolling window that opens at different points in different cities. The brokerage identified 16 major metros where sellers’ price cuts and available inventory line up most favorably for buyers sometime this month, breaking the group into early-, mid- and late-October windows…

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