Say Hello to Our May Newfins!
April showers bring May flowers, and this season, Redfin is truly blooming—we’re thrilled to welcome more than 40 new real estate agents to our growing team. Each of these talented professionals brings fresh energy, local expertise, and a shared commitment to delivering exceptional service to our customers. We’re grateful for
Americans Are Torn on How Immigration, Tariffs Impact Housing Affordability
51% of surveyed homeowners and renters think less immigration could make homes more expensive, while 39% think it could make homes more affordable. 68% of respondents think tariffs could fuel price inflation and high interest rates, while 35% think they could make homes more affordable. Over half of U.S. homeowners
Just 28% of Homes Are Selling Above Asking Price, The Lowest Springtime Level Since 2020
Pending home sales are down 1% year over year while new listings are still rising, giving buyers negotiating power. Just over 28% of U.S. homes are selling above the asking price, down from 32% a year earlier. That’s the lowest level for this time of year since 2020, when the
15-Year Vs. 30-Year Mortgage: Choosing the Right Option for You
AuthorAmanda Dodge. Date: June 12, 2025 5:28 am Your mortgage interest rate has a significant impact on your monthly payment. The higher your rate, the more interest you pay over time, which means your home purchase becomes more expensive. Even small changes in interest rates can have a big impact
Understanding the Hidden Costs of Selling a Home
AuthorAmanda Dodge. Date: June 12, 2025 5:26 am Selling your home is an opportunity to begin the next chapter of your life, whether you’re moving to a new state or upgrading to a larger house to start your family. Your home’s value may have appreciated during the years you’ve lived
3 Creative Ways to Save Money for a Down Payment
AuthorAlex Capozzolo. Date: June 11, 2025 4:30 pm Discover 3 ingenious ways to save money for a down payment and achieve your home ownership goals. Creativity and a little sacrifice pay off. The post 3 Creative Ways to Save Money for a Down Payment appeared first on FastExpert.
Mortgage Rates to Stay Flat After Mild May Inflation Report
A milder-than-expected May CPI report is unlikely to shift mortgage rates because tariff-induced inflation remains a threat and the Fed will continue to hold off on rate cuts. Core prices rose 0.13% from a month ago in May, lower than the 0.27% expected by forecasters, with price increases for tariff-affected
There Are 7 Major Metros Where You Can Still Buy a Luxury Home For Less Than $1 Million. Five Years Ago There Were 30.
The number of major metros where you can buy a luxury home for less than $1 million has shrunk from 30 to seven since 2020. Detroit is the most affordable metro for luxury homes, with a median price of $753,851—44.1% less than the typical luxury home nationwide. San Francisco is
Why Would a House Be Taken Off the Market?
AuthorAmanda Dodge. Date: June 10, 2025 5:53 pm In most cases, a house is listed on the market, reaches the pending stage when the seller accepts a buyer’s offer, and is sold at closing. However, there may be instances when available homes are removed from the market before anyone makes
Mortgage Rates to Reverse Recent Decline as Unemployment Holds Steady
The official May jobs report remained strong on the surface and mortgage rates will reverse a decline from recent days following a weak ADP employment report earlier this week. Under the hood, however, there are clear warning signs in this report, even though the labor market has generally held up
1,000+ Redfin Agents and Teams Named Top Real Estate Professionals by RealTrends Verified
Today is a day of celebration at Redfin, because more than 1,000 Redfin agents—900+ individuals and 120+ teams—were named among the country’s best real estate professionals by RealTrends Verified! RealTrends Verified is an independently verified ranking of the top agents and teams based on sales. To qualify, an agent must
3 in 4 U.S. Homeowners Would Rather Be Home Than Anywhere Else
In recognition of National Homeownership Month, we’re looking at how Americans feel about their homes, and what they go through to buy one. Most homeowners have warm feelings about their home, with nearly 70% saying their home is a reflection of who they are, according to a recent Redfin survey.
Some Would-Be Home Sellers Are Stepping Back As Market Tilts Toward Buyers
Many prospective homebuyers are sidelined by near-record costs and economic uncertainty, creating a buyer’s market in many parts of the country. That’s deterring some would-be sellers. New listings of U.S. homes for sale rose 6.3% year over year during the four weeks ending June 1, one of the smallest increases
Asking Rents Are Falling in 28 Major U.S. Metros—the Most Since 2023
The median U.S. asking rent dropped 1% year over year to $1,633 in May as elevated apartment supply gave renters room to negotiate. Asking rents fell fastest in Austin, down 9% to the lowest level since 2021. Rents hit a record high in four metros: Chicago, Cincinnati, Memphis and Washington,
What to Really Look For at a Home Showing- Don’t Get Fooled by Fresh Paint
AuthorJulie Wyss. Date: June 3, 2025 2:59 pm Be cautious of homes that try to impress with style at the home showing but are hiding flaws that you can’t change. The post What to Really Look For at a Home Showing- Don’t Get Fooled by Fresh Paint appeared first on
Requirements to Buy a House in California
AuthorKelsey Heath. Date: June 3, 2025 1:23 am With a median home price of over $850,000, buying a house in California is like a far-off dream. Prices are high, lending rules are strict, and even figuring out where to start can be overwhelming. First-time buyers and newcomers to the state
5 Smart Options When Your House Isn’t Selling
AuthorKaren Randels. Date: June 2, 2025 2:11 pm It’s disheartening when your house isn’t selling, but the right combination of pricing, presentation, and marketing can lead to success. The post 5 Smart Options When Your House Isn’t Selling appeared first on FastExpert.
What If a Seller Won’t Move Out After Closing?
AuthorKaren Randels. Date: June 2, 2025 1:07 pm Ah! The seller won’t move out after closing! Learn how to get them out and how to prevent this before closing. The post What If a Seller Won’t Move Out After Closing? appeared first on FastExpert.
U.S. Home Sellers Are Sitting on Nearly $700 Billion Worth of Listings, an All-Time High
More than $330 billion worth of listings have been sitting on the market for 60 days or longer. Rising inventory and slow homebuying demand is pushing up the total dollar amount of home listings, and will push down home-sale prices by the end of the year. There’s a total of
New Apartments Are Sitting Vacant for Months, Giving Renters Power to Negotiate Concessions
49% of newly built apartments completed in the fourth quarter of 2024 were rented within three months—the fifth consecutive quarter with an absorption rate below 50%. New apartments are being completed at near-record levels, with the increase in supply keeping rents down and providing renters with more opportunities to negotiate
Jim Marks
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