US residential rent growth cools to slowest pace in more than a year
Median monthly rent in the largest metropolitan areas of the United States dropped for a second-straight month in September to $1,759, according data released Thursday by Realtor.com
by Ben Verde Oct 13
Homebuyers show signs of pulling back as mortgage rates move again
Tour requests to Redfin agents fell 7% and mortgage applications declined 13% during the week ending Oct. 1. 'Mortgage rates well over 6% are spooking homebuyers,' Redfin says
by Ben Verde Oct 7
Too big an ask? Homesellers struggle to find the right comps
The home that sold down the street a few weeks ago might not be a good guide for how to price yours, according to new data from Redfin
by Daniel Houston Sep 30
Mortgage rates haven't been this chaotic since Black Monday: Study
A buyer looking at $500,000 houses in July would have seen their potential monthly payment fall by $177 in August, then rise by $328 since, according to a new analysis by Redfin
by Daniel Houston Sep 29
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
Short-term rental supply is outpacing demand as listings soar
Homeowners are bringing short-term rentals online faster than guests can book them, even as demand for short-term rentals is booming. It's presenting a new headwind for investors looking to cash in
by Taylor Anderson Sep 22
When will buyers quit canceling contracts? Not yet, apparently
More buyers have been backing out of deals than at any time since the early weeks of the pandemic. And in July, that share ticked up again, according to a new report from Redfin
by Daniel Houston Aug 16
New listings drop 12%, the largest decline in more than 2 years
'Buyers are backing off due to rising housing costs and sellers are holding back because they realize they won't get the bidding war they would have gotten six months ago,' said Taylor Marr
by Ben Verde Aug 12
Stalemate: Listings are lingering a little longer as housing market cools
The share of homes listed for 30 days or longer increased 12.5% in July compared to a year earlier, with 61.2% of homes now sitting on the market for a month or longer, according to Redfin
by Ben Verde Aug 9
Homebuyer activity shows pulse as mortgage rates dip below 5%
Redfin's Homebuyer Demand Index rose 7 points during the last week of July, while mortgage purchase applications rose for the first time in 5 weeks, according to new data released Monday
by Ben Verde Aug 8
Buyer interest creeps upward as mortgage rates inch down
Redfin's Homebuyer Demand Index increased 15 points since June 15, reversing 10 straight weeks of decreasing demand that started in mid-April
by Ben Verde Jul 29
Inflation is hitting migration hotspots hardest, new study says
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
by Daniel Houston Jul 19
Does a jump in demand fully explain the pandemic housing market?
A new report from the US Federal Reserve suggests it was spiking demand — not a lack of homes for sale — that sent prices skyrocketing over the past 2 years
by Jim Dalrymple II Jul 12
Demand for vacation homes slips below pre-pandemic levels
Mortgage locks for second homes fell 4% from pre-pandemic levels in May as mortgage rates rose to nearly 6% and the housing market continued to cool, according to data issued Friday by Redfin
by Ben Verde Jun 24
The seller's iron grip loosens as bidding wars ease, price cuts rise
The slowing demand for homes is affecting the balance of power between buyers and sellers, according to 2 new reports from Redfin
by Daniel Houston Jun 17