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
Mark Wahlberg's sweeping Beverly Hills mansion brings in $55M
Wahlberg and his wife, Rhea Durham, initially listed the 30,500-square-foot property for $87.5M in April 2022 but dropped the ask by $8M after it sat on the market for several months
by Lillian Dickerson Feb 21
One-time $100M Bel Air mansion falls to Earth with huge price cut
'Realistically in this market, this is what it's worth — it's priced to sell,' said Shawn Elliott of Nest Seekers, one of the agents who listed the 41,000-square-foot spec home last week
by Lillian Dickerson Feb 17
Luxury holds steady despite overall Manhattan market slowdown in Q4
As prices and transaction volume both fell in Manhattan's market at large year over year, luxury properties priced at or above $10M still managed to perform well to close out 2022
Homesellers are slashing prices. Here's how to spot deals right away
Homebuyers searching for price cuts on search portals are sure to get lucky if they check on this specific day of the week and check back again after 3 weeks, according to a new analysis by Zillow
by Daniel Houston Nov 7
Always a bridesmaid, rarely a bride, first-time buyers make big return
First-time homebuyers now make up 45% of all transactions, up from 37% of all buyers in 2021, returning to pre-pandemic levels, according to new data from Zillow released Thursday
by Lillian Dickerson Oct 13
What do fast-cooling markets have in common? These 5 offer a hint
In some of the nation's most quickly slowing housing markets, the number of new listings is twice the number of recent sales, according to an analysis by SmartAsset
by Daniel Houston Oct 10
A new normal, or a ‘new weird’? Home prices climb despite 6% rates
As mortgage rates rose in recent weeks, so did home prices and purchase-loan applications. It's a strange time, a Redfin economist says
by Daniel Houston Sep 22
This is the 'fastest-slowing' housing market in the US, new data shows
The slowdown in housing has been 'fastest slowing' on the West Coast, where prices in some markets have already fallen by 2 percent since July, according to a new analysis by Redfin
by Daniel Houston Sep 21
Falling list prices hit pandemic hot spots hardest, new Redfin study says
Nationally, more than 15% of homesellers dropped list prices in July across the 97 metro areas analyzed by Redfin, with Boise, Denver and Salt Lake City seeing the greatest share of cuts
by Lillian Dickerson Aug 23
After a decade of uninterrupted rise, Zestimates are dropping
'While July’s housing market data update is big news, and could get first-time buyers’ hopes up, the future is unlikely to bring meaningful improvement to housing affordability,' Zillow says
by Daniel Houston Aug 18
'Overvalued' Western markets see biggest share of price reductions
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
by Ben Verde Jul 27
Are sellers aiming too high? Price cuts abound throughout the US
More sellers dropped their asking prices in June almost everywhere in the US. In some places, more than half of homes for sale saw a cut
by Daniel Houston Jul 14
Buyers now snapping up homes in 15 days despite latest wave of rate hikes
Rising mortgage rates, booming home prices and scant inventory are pushing homebuyers to quicken their plans, according to Redfin's latest market report, released Friday
by Marian McPherson May 13