Tag Archives: Redfin

Wages are up, but homebuyer budgets have remained flat over the past three months, meaning the market is seeing its slowest growth rate in two years.  This information comes to us from a new analysis by Redfin which found that ...

Former Redfin exec joins provider of distressed residential investment properties to spearhead the firm’s marketing efforts.

As remote work prompted many Americans to relocate during the pandemic, housing costs soared in second-home hotspots even more than the rest of the country, according to a new report from Redfin. Average rental prices rose 17.1% year-over-year nationwide to ...

Remote work has allowed more to migrate to the suburbs and rural locations, areas where homes with high fire risk are selling for an average of $120,000 more than in lower-risk areas.

Homebuyers are beginning to take back the wheel from homesellers, who have mostly prevailed over the last two years. Redfin reports that more sellers are dropping the price of their homes amid rising interest rates and growing affordability concerns.

With the average length of time Americans remain in their home now exceeding 10.5 years, rising mortgage rates will continue to discourage existing homeowners from selling their homes and further curb migration, according to a report.

The share of homes for sale with price drops jumped to a seven-month high of 16% during the four-week period as early-stage homebuying demand is on the decline.

According to a new report from Redfin, the typical homebuyer’s monthly mortgage payment jumped to 39%, — the largest year-over-year gain on record as the average 30-year-fixed rate remained at a 12-year high of 5.1%. “Rising mortgage rates are taking ...

It seems that rising interest rates and record-high home prices are finally starting to affect the market as fewer homes received competing bids in March than they did in February.  According to Redfin, an online real estate brokerage, 65 percent ...

Home prices nationwide rose nearly 20% in February, as buyers tried to get ahead of anticipated rate hikes, led by markets in the South and Southeast.