US and Canada flags for story about Canadian tariffs
The number of Canadian Redfin users searching for homes in the US has dropped for the 7th consecutive month, as tensions between the 2 countries intensify due to tariffs
by Marian McPherson Sep 15
DOGE claims to have 'recovered' $1.9B in 'misplaced' HUD funds
The Department of Government Efficiency (DOGE) claims HUD funds were earmarked for the administration of financial services that are no longer needed, the agency announced on X Friday
by Richelle Hammiel Feb 18
Home prices continued to climb in most US metro areas in Q4: NAR
Home prices have continued their upward trend in Q4 2024, with 89% of US metro areas seeing an increase in single-family existing-home prices, according to data released Thursday by NAR
by Richelle Hammiel Feb 6
Home tours are on the rise — but buyers aren't making offers
Homebuyers began the new year with more home tours; however, Redfin says elevated mortgage rates have stopped them from signing contracts
by Marian McPherson Jan 9
$1M homes hit all-time high in US
A record 8.5% of all US homes are worth $1M or more, up from 7.6% last year and 4% before the pandemic, according to a new Redfin analysis. California is adding them faster than other states
by Lillian Dickerson Aug 16
Average buyer's agent commission has fallen since NAR settlement
Redfin's latest report revealed the average buyer's agent's commission percentage has declined in 47 of the 50 largest markets since NAR's March settlement
by Marian McPherson Aug 2
Sellers are cutting prices at record pace to combat softening demand
Sluggish homebuyer activity has pushed sellers to slash prices at a rate unseen since November 2022, according to Redfin. The median asking price fell for the first time in 6 months to $416K
by Marian McPherson May 30
Low-income buyers' mortgage applications drop to 2018 levels
Households with a median income of $64K or less lost their buying gains in 2023, according to Redfin. The share of new mortgages issued to this group dropped 11% from 2020 to 2023
by Marian McPherson May 8
Mortgage rates lead to biggest pending sales drop since October
A record one-day jump in mortgage rates on Feb. 2 pushed pending sales down 8 percent — the biggest decline since October, according to Redfin's latest market report
by Marian McPherson Feb 8
ICE signs Raymond James Bank to use Encompass mortgage platform
In announcing the second Encompass deal this month, ICE cites investments in mortgage technology and data that automate and accelerate the lending process from start to finish
by Matt Carter Jan 30
Lesson Learned: You're 1 client away from changing your life
Find out team leader Leo Robles' best advice, including the game-changing words of wisdom he passes along from his real estate mentors
by Troy Palmquist Jan 8
Homebuyers are now paying $400 less per month than in October
After rates fell from October highs, homebuyers with a new mortgage are paying about $400 less each month. Still, there's no buying spree — yet
by Taylor Anderson Jan 4
Americans' average mortgage payment falls $164 in November
A dip in the weekly average for 30-year mortgage rates dropped the average mortgage payment to $2,575 in November, and homebuyers are taking advantage
by Marian McPherson Nov 30
NAR put on a brave face at NXT, but accountability is on the way
Opinion
More must be done to keep agents from paying for the National Association of Realtors' mistakes, NAR Accountability Project founder Jason Haber writes upon the conclusion of recent NAR NXT
by Jason Haber Nov 27
NAR installs President Tracy Kasper, other leaders for 2024
The trade group installed its 2024 leadership during its annual NAR NXT conference. Kasper started her term 3 months early, after the resignation of former president Kenny Parcell
by Marian McPherson Nov 20