Supply of Affordable Homes up as Forbearance Ends: Redfin

Originally published on November 3, 2021, by Isabelle Novak for

The supply of America's most affordable homes for sale jumped a record 13% year over year in the third quarter as mortgage forbearance programs came to an end, prompting many owners of low-cost homes to put their properties on the market, according to a new report from Redfin (, the technology-powered real estate brokerage.

Redfin's analysis divides all U.S. residential properties into five price tiers—most affordable, affordable, mid-priced, expensive, and luxury—based on Redfin Estimates of the homes' market values. When Redfin refers to a "record" in this press release, the record dates back to the year 2013. The data cited covers rolling three-month periods, the most recent of which is the three months ending Sept. 30, 2021, or the third quarter.

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