Tag Archives: Redfin

Mortgage rates haven’t been this chaotic since Black Monday: Study

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A buyer looking at $500,000 houses in July would have seen their potential monthly payment fall by $177 in August, then rise by $328 since. Continue reading →

Markets in the Midwest, East Coast are weathering headwinds the best

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A new Redfin report finds markets in the Midwest and East Coast are weathering the market slowdown better than anywhere else. Chicago, Milwaukee and Albany, New York, top the list. Continue reading →

Homebuyers/sellers wanting to live in legal abortion states spikes to 19%

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As different states’ laws on sensitive subjects like abortion rights and gender-affirming care for children have changed in the last year, consumers take a harder stance this year on where they consider living based on political views, a new Redfin sur… Continue reading →

With rent high and sales slow, more owners are becoming landlords

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The slowdown in home sales, paired with the meteoric rise in rent, has more homeowners looking to become landlords rather than sell their homes in this market. Continue reading →

Homebuyers in these US cities are backing out of deals at a higher rate

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Phoenix, Las Vegas, Tampa and Austin attracted homebuyers at a higher rate during the height of the pandemic. But according to Redfin, those same Sun Belt cities are now cooling the fastest. Continue reading →

Bidding wars fall to lowest level of pandemic as mortgage rates inch up

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Only 44.6 percent of offers written by Redfin agents in August faced competition, the lowest rate since April of 2020, according to new data released Friday. Continue reading →

A new normal, or a ‘new weird’? Home prices climb despite 6% rates

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As mortgage rates rose in recent weeks, so did home prices and purchase-loan applications. It’s a strange time, a Redfin economist says. Continue reading →

Investor rush into short-term rentals is outpacing demand

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Average daily rates, nights booked and revenue are all up, according to new data. And investors are bringing short-term rentals online faster than guests can book them. Continue reading →

Redfin launches in Hilton Head, South Carolina

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In addition to its market expansion, the Seattle-headquartered brokerage also announced that its listing search coverage now encompasses 95 percent of the U.S. population. Continue reading →