Condos are selling below list price as fees discourage buyers
68.4% of condos sold below their asking price — the highest share in 5 years. That's a jump from 63.3% last year, signaling a cooling condo market, according to a Redfin report
by Richelle Hammiel Apr 3
Homebuyers gain leverage as sellers cut prices: Zillow
In January, almost 23% of sellers reduced their listing price — the highest percentage for any January since 2018, according to a new analysis by Zillow
by Richelle Hammiel Feb 12
Homebuyers remain sidelined despite more listing options
Over the 4 weeks ending Feb. 2, new listings across the US have jumped 7.9% from last year to 76,194, the largest increase since late 2024, according to Redfin's analysis
by Richelle Hammiel Feb 6
For these 'stranded' homeowners, no rate cut will coax them to list
Cheap rates on existing loans are holding well-off homeowners in place. But others insist they're unable to buy at today's high prices — whether rates come down or not, Intel survey data suggests
by Daniel Houston Jan 27
Renters feel less connected to their neighbors than homeowners
Redfin commissioned a survey of more than 1,600 renters and homeowners and found millennial and Gen-Z homeowners were most likely to feel a sense of belonging in their neighborhoods
by Marian McPherson Dec 13
Home equity an underutilized key to retirement readiness, Point says
A new analysis from home equity financial platform Point reveals that many homeowners overlook equity as a valuable financial resource — despite it being a significant part of their net worth
by Richelle Hammiel Dec 10
North Dakota voters reject plan to eliminate property taxes
North Dakota voters rejected Measure 4, a proposal to abolish property taxes, with 63.5% voting against the measure, the 'New York Post' reported Thursday
by Richelle Hammiel Nov 8
The 2024 ballot measures that stand to impact homeowners
Across 10 states, ballot measures ask voters to weigh in on changes to property taxes, veterans benefits and more. One even considers whether or not to abolish property taxes altogether
Here's how to talk with sellers now about buyers and commissions
The easiest way to stay on the right side of the current legal and regulatory changes is to subscribe to them in both letter and spirit, team leader Carl Medford writes
by Carl Medford Sep 10
US homebuyer down payments reach new record, outpace prices
In June, the median down payment soared to a record $67,500, a 14.8% increase from $58,788 the previous year, according to a Redfin analysis
by Richelle Hammiel Aug 28
Homeowners are staying put twice as long as they did 2 decades ago
The typical homeowner in 2024 has spent 11.9 years in their home, up from 6.5 years in 2005, according to Redfin data
by Ben Verde Feb 15
35% of Americans hope the housing market will crash in 2024
LendingTree's latest consumer survey revealed 35% of Americans hope the market will crash in the next 12 months. They believe an economic downturn will lower mortgage rates and home prices
by Marian McPherson Nov 28
Here's what you can do to mitigate the 'lock-in effect' for clients
Opinion
Current market conditions may have homeowners feeling trapped. Splitero CEO Michael Gifford shares a perspective shift to help you provide hope and flexibility
by Michael Gifford Sep 13
There’s a ‘magic number’ that moves homes. Will we ever hit it?
Buyers have been holding out for a 5.5% rate — but they may need to adjust their expectations, Maegan Sherlock, a senior research analyst for John Burns Research and Consulting, tells Intel
by Daniel Houston Jul 19
Your prediction about the housing market is probably wrong
Opinion
Forget the memes. If you've been around real estate for any length of time, you know that the only thing you can expect is the unexpected
by Teresa Boardman Sep 1