While non-luxury homebuyers are beholden to mortgage rate fluctuations, luxury buyers are using their stock market gains to boost their purchasing power — pushing luxury sales up 2.9 percent. Continue reading
The drop in monthly payments, Redfin reported, followed a decrease in mortgage rates, with 30-year fixed-rate mortgages ultimately hitting a 2025 low of 6.12 percent on Tuesday. Continue reading
Inventory is up and homes are sitting longer on the market — potentially benefiting homebuyers. Lower mortgage rates are also giving the market a boost. Continue reading
As of April 20, home-sale prices fell across 11 U.S. metro areas, marking the first time this many markets have seen year-over-year declines since September 2023, data released Thursday by Redfin found. Continue reading
The median U.S. home sale price declined marginally between February 2022 and 2023, clocking in at $350,426, according to new data released Thursday. Continue reading
Home sale prices increased by 3.2 percent year over year, a drop of 8.4 percent from their all-time high recorded in June, according to a new report by the online brokerage Redfin. Continue reading