Mortgage Rates to Tick Up After Fed Signals That December Cut Isn’t Guaranteed
Mortgage rates will tick up after Fed Chair Powell sent a strong signal that a December rate cut—that markets have already priced in—is far from a foregone conclusion. Rates will rise today even after the Fed cut their policy rate by 25 bps. Markets had fully priced in both today’s
27% of For-Sale Homes Are Newly Built, the Lowest Share in 4 Years
That’s still well above pre-pandemic levels. The pool of existing inventory is rising as more homeowners list and homes linger on the market. At the same time, some builders are refraining from starting new projects as they try to offload inventory. House hunters who are interested in new construction may
Bay Area Housing Market Heats Up Amid AI Boom, Return to Office
Pending home sales jumped 17% year over year in San Francisco last month—more than any other major metro. The typical home also sold in roughly 20 days—over twice as fast as the typical U.S. home. The housing market in the San Francisco Bay Area is picking up steam thanks to
Redfin Economists’ Weekly Take: Mortgage Rates Stable Ahead of Expected Fed Cut
This Week In A Nutshell Rates are steady heading into the week following a cool inflation report last Friday, but they could rise even if the Fed cuts as expected on Wednesday—if Fed officials push back on expectations for a subsequent cut in December. Upcoming Attractions Fed Press Conference (Wednesday):
Cool Inflation Data Gives Fed a Green Light to Keep Cutting Rates
Mortgage rates will stay near recent lows as cooler-than-expected inflation data allows the Fed to keep cutting. Core inflation, the key metric that excludes food and energy prices—and is watched by Fed officials—came in at 0.2% monthly and 3.0% annually for September, lower than the August readings and lower than
Redfin Welcomes Over 50 New Agents in September
Fall brings fresh energy—and so does our team! We’re thrilled to welcome more than 50 new agents this month, each bringing unique expertise to help homebuyers and sellers nationwide. Join me in welcoming these talented new agents as they begin this exciting journey with Redfin! We’re excited to welcome Anthony
Mortgage Rates Drop Near 3-Year Low, Opening Door For Homebuyers–But Few Are Walking Through
A homebuyer on a $3,000 budget has gained $26,000 since last year as mortgage rates drop to the low-6% range. But pending home sales are still slipping. The daily average mortgage rate dropped to 6.17% this week, near the lowest level in three years. Lower mortgage rates are curbing growth
Austin, TX Is America’s Strongest Buyer’s Market, With Over Twice as Many Home Sellers as Buyers
Nationwide, there are an estimated 37% more sellers than buyers—a near-record gap that’s giving buyers across the country negotiating power. There are seven metros where sellers outnumber buyers by at least 2-to-1, and all but one are in Texas or Florida. There are five remaining seller’s markets, the strongest of
Sellers Are Getting Ghosted: 15% of Homebuying Contracts Were Canceled in September
Housing costs are frightful and economic jitters are in the air, leading some buyers to leave sellers in the lurch. Just over 53,000 home-purchase agreements nationwide were canceled in September, equal to 15% of homes that went under contract that month. That’s up from 13.6% a year earlier. This
U.S. Home Prices Rose 0.2% in September
U.S. home prices increased 0.2% from a month earlier in September on a seasonally adjusted basis. On a year-over-year basis, home prices rose 3%, the slowest rate recorded in Redfin Home Price Index (RHPI) data going back to 2012. San Diego (+1.7%) recorded the highest month-over-month price growth of the
Pros and Cons of Buying an Old House
AuthorAmanda Dodge. Date: October 20, 2025 4:43 pm Know before you buy! Pros and cons of buying an old house if you are considering exploring established neighborhoods in your area. The post Pros and Cons of Buying an Old House appeared first on FastExpert.
Inside the Virginia Housing Market: From Bidding Wars to Balance
AuthorChristy Crouch. Date: October 20, 2025 2:19 pm Expert Insight from a 30 year industry leader. Virginia housing market is finding a new normal, bringing new opportunity. The post Inside the Virginia Housing Market: From Bidding Wars to Balance appeared first on FastExpert.
Redfin Economists’ Weekly Take: Inflation Report Unlikely to Stop Fed From Cutting Rates Next Week
Last Week In A Nutshell Geopolitical tensions and regional bank worries brought rates down last week as investors piled into the safety of Treasuries from the stock market. Upcoming Attractions CPI report (Friday): Originally scheduled for Oct. 15, the CPI data will be released on Friday Oct. 24 to allow
Homebuyers Are Scoring the Biggest Autumn Discounts Since 2019
The typical home that sold last month went for 1.4% less than its final list price—the biggest September discount in six years—as a slow housing market empowered buyers to negotiate. The typical home that sold also spent 50 days on the market—the slowest September pace in nearly a decade. Existing-home
29% of U.S. Home Purchases Are Made in Cash, Essentially Flat From a Year Ago
29% of U.S. homebuyers are paying in cash, down essentially unchanged from last year and down from a peak of nearly 35% two years ago due to declining mortgage rates. The typical down payment is climbing, partly because in today’s expensive market, many buyers are affluent. It now sits at
September’s Most Expensive Home Sales Include Ellen DeGeneres’ Former Montecito Mansion
California compounds and Colorado ski houses made up the lion’s share of September’s most expensive home sales. The Green Gables estate in the Bay Area, which consists of seven houses on 74 acres, was the most expensive home sale of September, bringing in $85 million. It’s followed by an Aspen,
New Listings Creep Up As Would-Be Homebuyers Back Off, Haunted By High Prices and Economic Unease
Even though mortgage rates are sitting near their lowest level in a year, house hunters are spooked by stubbornly high home prices and jitters about a possible recession and the government shutdown. New listings of U.S. homes for sale rose 4.1% year over year during the four weeks ending October
Can You Sell a House with Lis Pendens?
AuthorKelsey Heath. Date: October 15, 2025 3:32 pm Can you sell a house with lis pendens? Yes—but it’s complicated. Learn legal hurdles, buyer challenges, and strategies to clear title before listing. The post Can You Sell a House with Lis Pendens? appeared first on FastExpert.
Can You Sell a House If You’re Behind on Payments?
AuthorKelsey Heath. Date: October 15, 2025 2:00 pm Can you sell a house if you are behind on payments? Yes—sell quickly, clear debt, and avoid the lasting impact of foreclosure. The post Can You Sell a House If You’re Behind on Payments? appeared first on FastExpert.
Redfin Economists’ Weekly Take: China Trade Tensions Push Mortgage Rates Lower
Last Week In A Nutshell Rates ended the week about 10 bps lower following renewed trade tensions with China. Upcoming Attractions This is a light week, especially if the shutdown continues. CPI report: Originally scheduled for Wednesday, but will be released October 24, regardless of when the government re-opens because

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