Economic uncertainty, rate volatility and mounting worries about the labor market are reducing the pool of potential buyers, putting a damper on the spring homebuying season
In the first quarter of the year, 44.4% of homesellers included concessions in their deals, just shy of the record 45.1% seen at the start of 2023, according to new data released Monday by Redfin
Windermere Economist Jeff Tucker looks at how a combination of tariffs, economic uncertainty, and rebounding interest rates may cause both buyers and sellers to hunker down for now
As of March, the typical US home took 47 days to sell, the longest stretch in 6 years. Those longer stretches on the market tend to discourage competition, a Redfin report found
Tariff threats have left Americans on edge, with 24% of US adults saying they're canceling plans to purchase a home or car due to economic fears, according to Redfin polling data released Thursday
Mortgage rates are climbing back toward 7% on fears that tariffs could reignite inflation, but Fed Chair Jerome Powell warns policymakers would be challenged if unemployment also rises
Blefari has helmed HomeServices of America for more than 5 years. Kelly had been serving as an executive vice president before being promoted
Experts surveyed by Fannie Mae expect national home prices to slow to 3.4% this year. Median list prices are down by 10% or more from a year ago in 69 markets
The University of Michigan Index of Consumer Sentiment fell 11% from March to April to 50.8 and is now lower than it was at any point during the 2007-2009 Great Recession
Inflation as measured by the Consumer Price Index dropped to an annual rate of 2.4% last month, but the impact of tariffs probably won't start showing up in the data until May
The typical American now needs to earn over $116,600 annually to afford a median-priced home in the US, compared to just $64,160 needed to afford an average apartment, according to Redfin
Stocks rebounded and pressure on interest rates eased after Trump announced a 90-day pause on country-specific 'reciprocal tariffs' with the exception of 125% duties on China
In 2024, a record 39K single-family rental homes were completed, marking a 15.5% jump from the previous year, according to a Point2Homes analysis of Yardi Matrix data released Wednesday
We don’t control interest rates or government layoffs, broker Thai Hung Nguyen writes. But we do control how we lead, educate our agents and build trust in the marketplace
Lower mortgage rates could help lenders do more business, and investment analysts like Rocket's plans to acquire real estate brokerage Redfin and loan servicing giant Mr. Cooper