A new report out today by the real estate services firm Redfin finds home prices in all of the 50 most populated U.S. metropolitan areas aren’t budging. According to the report, median home-sale price rose from a year earlier or stayed the same in all 50 of the most populous U.S. metros during the four weeks ending April 28. The report also details how low inventory is driving up prices and how Redfin agents are finding home buying demand is softening as rates rise.
If you would like more context on this matter, please consider Stephen O’Connor, a research professor of real estate at the George Washington University School of Business and the chair of The Center for Real Estate and Urban Analysis at GW. O’Connor joined the GW community from Bucknell University, where he helped to deepen the real estate program and launch a real estate minor that quickly became one of the most popular concentrations at the university’s Freeman College of Management. O’Connor has 30 plus years of professional real estate experience with a background in planning and public policy.
If you would like to speak with Prof. O’Connor, please contact GW Senior Media Relations Specialist Cate Douglass at [email protected].
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