Number of the Day: 32%
Our take on the most relevant or interesting figure in personal finance today
That is the percentage of homes that were sold above their list price in August across the U.S. It represents the largest percentage since at least 2012, according to Redfin.
Redfin’s report, which collected data from 85 major U.S. metro areas, found that Americans are buying homes at a record rate. In August, typical homes went under contract in less than 31 days, tying June 2018’s record low for the fastest rate in Redfin’s data which dates back to 2012.
If you’re a homeowner looking to quickly sell or foreclose on a property, we’ll tell you how it will affect your credit score.
Redfin Press Center. "Home Prices Rose 11% in August--Biggest Gain in Over 6 Years." Accessed Sept. 17, 2020.