Nearly 60,000 home purchase contracts were canceled nationwide during August, even when it meant losing their earnest money deposits, according to Redfin's report
The share of US homes valued at $1M or more stopped shy of a record notched last summer as high mortgage rates and low inventory drove home prices upward in June, a Redfin analysis shows
The total worth of homes in the United States hit a record high of $46.8T in June, overtaking the prior all-time high of $46.6T set a year earlier, according to the analysis by Redfin Friday
New listings dropped 23% year over year, pulling the number of homes on the market down 39% compared to the same period 5 years ago, according to an analysis by Redfin issued Thursday
The share of $1M homes in the US dropped from a high of 8.6% in June 2022 to approximately 7% in January, due in part to higher mortgage rates that have cut into homebuyer purchasing power
In its latest real estate market report, Redfin said the total market value for US homes dropped $2.3T from June to December 2022 — the largest 6-month drop since the Great Recession
This week, the Redfin Homebuyer Demand Index, the brokerage's in-house gauge of buyer activity, hit its highest level since September, rising 21% from an October low, new data shows
Things are looking up for homebuyers on a budget as mortgage rates fall from their 20-year highs, according to a report published Thursday by Redfin
Home sales posted their biggest annual decline since Redfin started tracking the metric in 2012
14 major metro areas reported year-over-year declines in the median cost to rent an apartment, according to Redfin. It's only the latest sign of widespread slowdown in rent
Despite mortgage rates near 7% and generationally high inflation, thousands of people still need to move in the next year and need help in navigating homebuying in the pricy market
The report, released Thursday, found more than one in five sellers dropped their asking price during May 2022, the highest rate since October 2019, as mortgage rates sit at over 5%