1 of 16: On 3.15.22, we said housing was “cresting,” and that it was “crazy for demand to be so strong in the midst of war, market volatility & inflation.” The market worsened each month through November. Now we believe the market, while still fragile, is recovering. Here's why! 2 of 16: In the second week of November, the number of people going on their first home tour with Redfin agents was down 33% year over year. By the third week of January, it was still down, but by about half that amount: 19%.

1 of 16: The bidding wars that opened 2022 may be cresting. A buyer took possession of a Florida condo after a broken elevator prevented the seller from moving out. Irate from having paid so much, the buyer changed the locks and charged the seller $10,000 to access her furniture. In Salt Lake City and Boston, police have had to direct the car traffic to open houses. Even in San Francisco, a line for open houses stretched three blocks. Then this happened in Raleigh: old.reddit.com/r/raleigh/comm…

@davenewworld_2 1 of 6: Where Redfin's concerned, this is untrue. We offer every homeowner a choice of a cash offer or a brokered sale, sharing the data we use to price the home. We tell the owner he or she will net more money via a brokered sale. We would rather sell the home without owning it. @davenewworld_2 2 of 6: We'd never intentionally underpay or overpay for a home. It's madness to overpay for a single home in order to set a high-water mark for other sales. We reward the analysts who price homes on the accuracy with which they predict the ultimate sale price.

1 of 15: It has been hard to convey, through anecdotes or data, how bizarre the U.S. housing market has become. For example, a Bethesda, Maryland homebuyer working with @Redfin included in her written offer a pledge to name her first-born child after the seller. She lost. 2 of 15: There are now more Realtors than listings.

1 of 10: Redfin just published our weekly report on housing demand, and once again it’s loaded with numbers & juicy insights from our agents. Demand is 25% above pre-pandemic levels. Buyers haven’t “batted an eyelash” over the possibility of a resurgent pandemic or now protests. 2 of 10: Bidding wars are “bananas” with homes “flying off the shelves.” Sale prices are up 3.1%; asking prices are up 9.9%. Some agents worry about a bubble, but record-low rates and inventory are what's driving prices up, not speculation. Credit is loosening but still tight.

1 of 6: Redfin’s seasonally adjusted home-buying demand is now 16.5% above pre-pandemic levels. Of the listings that accepted an offer last week, 45% had been on the market less than two weeks. At least for housing demand, this is the definition of a V-shaped recovery. 2 of 6: Inventory's an x-factor. Last week, listings were still down 23%. Some @Redfin agents say sellers will soon start listing more homes. Others say sellers worry about a second wave of infections. We’ve gotten more confident we can sell homes while sheltering in place.

1 of 7: Seasonally adjusted home-buying demand just surpassed pre-pandemic levels, by 5.5%. It feels like the economy has officially split in two. For the lucky ones, this hasn’t been a recession at all, but a sale: on stocks, on money itself, & on houses, which dipped in March. 2 of 7: New listings have increased every week for the last four weeks, but can’t keep up with demand. Inventory is down 24%. Lenders’ forbearance anxieties are still limiting who can get a loan, but it’s a bonanza for those who do: a 3.25% rate.

1 of 5: this week's @Redfin housing report is crammed with insights: Demand has improved every week in April. It’s now off only 19% from pre-pandemic levels. Inventory has now fallen 50%. Prices are up 3%, not down. But forbearance is up & credit's tight. redfin.com/blog/housing-m… 2 of 5: an LA listing isn’t hosting scheduled showings. A @Redfin agent reported hearing from the listing agent that “we’re like Trader Joe’s now. There are tape markers 10-feet apart on the sidewalk and there may be waiting times to get in. Bring your own mask and gloves.”