Home Prices Tick Down 0.1% in July, Fall in 39 of the Top 50 U.S. Metros

U.S. home prices fell 0.1% in July, the third month-over-month decline in the past three months. On a year-over-year basis, home prices rose 2.9%, the lowest annual rate in Redfin’s records going back to 2012. A record 39 of the top 50 U.S. metros saw month-over-month price declines. U.S. home
Redfin Economists’ Weekly Take: Markets Bet on September Rate Cut Ahead of Powell’s Jackson Hole Speech

Last Week In A Nutshell Mortgage rates fell and markets got excited last week after a fairly benign CPI report drove expectations of rate cuts from the Fed, perhaps even outsized ones. Fed speakers, the PPI report, and retail sales all rained on that parade, however, suggesting no need for
Homes Are Selling at the Slowest Summer Pace in a Decade

The typical home that went under contract in July sat on the market for 43 days—the longest July span since 2015—as pending sales hit a two-year low. Some sellers are reacting by, well, not selling; active listings posted the largest monthly drop since 2023. Home prices rose 1.4% year over
Congratulations to our President’s Club agents!

I’m thrilled to recognize the 366 Redfin agents who’ve earned a spot in President’s Club, Redfin’s highest honor for top performance! While this is our first public announcement of President’s Club honorees, it’s been a proud tradition at Redfin for years. Agents earn points for closing deals, building client loyalty,
Say hello to our July Newfins!

As buyers and sellers begin shifting their focus toward fall, so are we. With our integration into Rocket Companies, we’re expanding our reach, enhancing our technology, and bringing even more value to clients across the country. The peak buying and selling season may be winding down, but we’re just getting
Permits to Build U.S. Apartments Have Fallen 23% Since the Pandemic Construction Boom

Developers obtained permits to build 12.8 multifamily housing units for every 10,000 people in the U.S. over the past year—down from an average of 16.7 during the pandemic building boom. North Port, FL and Austin are issuing more multifamily permits than any other metros Redfin analyzed, while Stockton, CA and
How Much Does Condition Affect House Price?

AuthorKelsey Heath.  Date: August 13, 2025 6:57 pm Condition isn’t just about aesthetics; it can signal to buyers how well a property has been cared for, making it a powerful pricing lever. While location and size may set the stage, condition heavily impacts your home’s performance on the market. For
Wellness Design: What Buyers Look for in 2025 Homes

AuthorAmanda Dodge.  Date: August 13, 2025 12:38 pm Discover how wellness design enhances health and comfort of spaces. Learn practical tips to create environments that support well-being. The post Wellness Design: What Buyers Look for in 2025 Homes appeared first on FastExpert.
Should You Sell Your House and Rent When You Retire?

AuthorKelsey Heath.  Date: August 11, 2025 1:45 am For most Americans entering their 60s and 70s, the house they live in is their largest asset. Nearly 80% of adults over 60 own a home, and on average, they hold more than $300,000 in equity, totaling over $9.2 billion. Homeowners approaching
Final Walkthrough Checklist Before Closing a Home

AuthorKelsey Heath.  Date: August 7, 2025 2:40 am Your final walkthrough is your last chance to confirm the home is in the condition agreed upon before the keys change hands and you take possession. While most transactions go smoothly, studies show that about 1 in 20 final walk-throughs (5%) uncover
What to Do Before a Home Appraisal?

AuthorKelsey Heath.  Date: August 6, 2025 5:18 pm A home appraisal is when a licensed real estate appraiser comes to your property to assess its value. They typically happen during the escrow period before a sale closes, but can also happen during a refinance or at the request of an
Home Inspection Checklist for Sellers

AuthorKelsey Heath.  Date: August 5, 2025 5:07 pm With mortgage rates hovering between 6.5% and 7% in 2025, buyers are walking into showings with more negotiating power and higher expectations. As a seller, that means one thing: preparation is everything. Home inspections have become one of the biggest make-or-break moments
Things to Do Immediately After Buying a Home

AuthorKelsey Heath.  Date: August 3, 2025 3:49 pm When you buy a home, whether it’s brand new or a fixer-upper, it’s never perfect. In fact, 77% of new homeowners run into unexpected issues within their first 90 days, and the average buyer spends between $2,000 and $5,000 on surprise costs
How to Make Your Patio Feel Like a Resort

AuthorPeter B Gustis.  Date: July 28, 2025 4:33 pm With the right upgrades, even a plain patch of grass can make your patio feel like a private resort that you never want to leave. The post How to Make Your Patio Feel Like a Resort appeared first on FastExpert.
Meeting Your Realtor for the First Time: What to Expect

AuthorAmanda Dodge.  Date: July 26, 2025 4:37 pm Buyers and sellers find their real estate agents through various ways. According to the National Association of Realtors (NAR), 38% of sellers who use agents found their representative through referrals from friends and family. It’s common to accept a referral at face
I’m a Housing Reporter Who Took a $25K Hit Selling the House I Bought at the Peak of the Market. Here’s What I Learned.

This article was first published on Inman Senior Data Journalist Mark Worley co-authored a new Redfin report showing that roughly 6% of U.S. home sellers are at risk of selling at a loss. The analysis hit close to home—he and his wife just did exactly that, selling their St. Louis
Eliminating Tax on Home Sellers’ Capital Gains Would Have Mixed Results for the Housing Market

President Trump said this week that he is considering removing capital gains tax for home sales. Home sellers who lived in their home for two of the past five years can currently exclude up to $250,000 in capital gains from their taxable income as a single filer, or up to
Over $50 Billion Worth of Los Angeles Homes Were Impacted by the January Wildfires

The typical home that was impacted had a value of $3.7 million prior to the fires. $51.7 billion worth of homes in the city of Los Angeles—or roughly 11,000 residential properties—were impacted by the wildfires in January.  This is according to a Redfin analysis of data from the Los Angeles
U.S. Home Prices Fall 5-10% From Last Year for Russian, Japanese and European Buyers as Dollar Weakens

The median price of a typical U.S. home rose 1% to a record $447,035 in June. The equivalent price in Russian, Japanese and European currencies fell between 5% and 10% year over year in June—thanks to a weaker U.S. dollar. American homes are more expensive than a year ago in
U.S. Asking Prices Post Smallest Increase in Nearly 2 Years As Home Sellers Adjust to Buyer’s Market

Slowing price growth is good news for homebuyers. So are shrinking housing payments, with the median U.S. mortgage payment falling to its lowest level in five months.  The median U.S. asking price is $403,000, up just 2.2%  year over year, the smallest increase in nearly two years.  Asking prices are
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