Economists expect 5.78 million homes to change hands this year, representing a 16.2% decline from a year ago — a steeper drop than the 15.6% pullback forecast in July
Redfin said it expects rental growth to continue to slow, but markets with strong job growth and limited new housing construction will likely continue to experience large rent increases
Opinion
Byron Lazine and Nicole White discuss the impact of low builder confidence, the changing real estate industry and politics from left, right and center
High mortgage rates, challenging affordability and a gloomier economic outlook are keeping buyers on the sidelines, Mortgage Bankers Association forecaster Joel Kan said
Opinion
Byron Lazine and Nicole White discuss the Zillow and Opendoor partnership, sinking consumer confidence, and a new segment: Left-Middle-Right
A steep drop in gas prices offset the rising costs of housing and food for many families. Prices were still up 8.5% year over year, says a report from the US Bureau of Labor Statistics
Redfin's Homebuyer Demand Index increased 15 points since June 15, reversing 10 straight weeks of decreasing demand that started in mid-April
Despite national growth in sale prices, these markets that saw spikes in popularity and price over the past 2 years are starting to see the most price reductions, data shows
Fed Chairman Jerome Powell hinted Wednesday that the US central bank is looking to dial back the pace of interest rate hikes as soon as the impact of increases shows up in inflation data
Opinion
Although economists expected rates to rise this year, nobody anticipated how fast they would rise. So what went wrong?
Florida and California are most at risk of experiencing a housing downturn during a recession, according to Redfin. Both states saw exorbitant growth during the pandemic-fueled buying rush
'In the next half of the year, buyers are in a rare position to negotiate prices and deal terms. Some homes will still command multiple offers, but they will be fewer in number,' a new report states
A 2019 law seeks to prevent rent from climbing too much too fast, but prices are set to grow by 10% thanks in part to rampant inflation
Decline in purchase applications aligns with slower homebuilding activity due to reduced buyer traffic and ongoing building material shortages, according to the Mortgage Bankers Association
Q2 Consumer price growth exceeded 10% year over year in Phoenix, Atlanta, Miami and Tampa — each of which had among the nation’s strongest net inflow of interest in moving