And the cheapest state to buy a home is…
Illinois is the cheapest state to purchase a home, due to a study by California-based boutique brokerage RubyHome. The study focuses on the income-to-sale price ratios for each state
by Marian McPherson Apr 28
Home sales are cooling — but the competition is red hot. What gives?
New listings plunged 21.8% from a year ago, marking one of the most significant annual drops since the beginning of the pandemic, according to a new analysis of housing inventory by Redfin
by Ben Verde Apr 7
'My phone is ringing': Homebuyer demand soars to 9-month high
Mortgage applications increased 2% from a week earlier, marking the 4th week of increases while purchase applications rose 19% from a month earlier, according to data released Friday by Redfin
by Ben Verde Mar 31
45% of sellers offered concessions coming into 2023: Redfin
As the market shifts, so are homesellers' tactics. Nearly half of sellers offered concessions or price cuts during the beginning of the year, a reverse of years of bidding wars
by Marian McPherson Mar 15
Total market value for US homes drops $2.3T from June: Redfin
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
by Marian McPherson Feb 22
Gary Keller: It's a do-or-die housing market for real estate agents
In his State of the Housing Market address on Sunday, Keller Williams' co-founder Gary Keller explained how chaos will force agents to become better competitors — or be left behind
by Marian McPherson Feb 20
Buyers are returning to the market — and sellers are following: Redfin
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
by Ben Verde Feb 10
Redfin builds on app feature with 'Favorites Lists' for buyers, renters
Redfin's new website and app feature will allow homebuyers and renters to save their favorite properties in customized lists and share them with their home search partner to stay organized
by Lillian Dickerson Jan 31
A quarter of homebuyers were looking to relocate during Q4, 2022
According to a new report, 24.6% of Redfin users were looking to move inspired by high housing costs in most major cities and the freedoms provided by remote work
by Ben Verde Jan 24
Mortgage rate swing created 'more normal' market in December
Slowing mortgage rate growth impacted homebuyers and sellers in different ways in December, according to Zillow's latest market report.
by Marian McPherson Jan 19
Homebuyer loan requests jump 25% as mortgage rates continue to fall
After 2 months of declines, mortgage rates are now at their lowest level since September with potential to spur spring homebuying: MBA economist
by Matt Carter Jan 18
Glenn Kelman calls millennials 'the roommate generation'
In an appearance on 'Barron's Live,' Redfin's CEO explained how rising mortgage rates have trapped homeowners and homebuyers into a housing purgatory, tough for anyone to make a move
by Marian McPherson Jan 12
It's time to take millennial homebuyers seriously. Here's how to win them over
Millennials are a powerful force in the real estate industry, but they're not your grandparents’ generation. They won't be swayed by the same types of sales tactics
by Luke Babich Jan 12
Want to buy a home in Canada? You'll likely have to be Canadian
As of Jan. 1, homes in Canada can only be purchased by the nation's citizens and a few other groups after a new law went into effect. The step's a campaign promise of Prime Minister Trudeau
by Daniel Houston Jan 5
The top 10 friendliest US cities for first-time homebuyers right now
What's the matter with Kansas? Not a thing as Wichita shot to the top of Zillow's analysis of the 10 friendliest cities for first-time homebuyers on Thursday. Midwestern cities fared well overall
by Ben Verde Dec 8