17% of Americans Are Delaying a Major Purchase Like a Home or Car Due to Government Shutdown. 65% Are Undeterred.

Some Americans are changing plans because they’re directly impacted by the shutdown, and others are wary of making a big purchase because of economic uncertainty. But most are moving forward with purchases. Roughly one in six (17%) Americans are delaying a major purchase like a home or car because of
Homebuyers Are Canceling Deals at a Record Rate. Here’s Why.

Roughly 56,000 U.S. home-purchase agreements were canceled in August, equal to 15.1% of homes that went under contract that month—the highest August percentage in records dating back to 2017. Buyers frequently back out of deals when they find issues during the inspection, they have trouble selling their existing home or
Going Below Asking Price: How Much Lower Can You Offer?

AuthorKelsey Heath.  Date: October 6, 2025 6:15 pm How much lower can you offer on a house without losing it? Get savvy negotiation tips that save money wisely. The post Going Below Asking Price: How Much Lower Can You Offer? appeared first on FastExpert.
The Rise of Multi-Generational Homes

AuthorDebbie Sagorin.  Date: October 6, 2025 1:35 pm Multi-generational homes are on the rise with attractive cost-savings and communal living that make life easier for all generations. The post The Rise of Multi-Generational Homes appeared first on FastExpert.
Redfin Economists’ Weekly Take: All Eyes on Fed Speeches as Markets Continue to Fly Data-Blind

Last Week In A Nutshell Rates eased due to a surprisingly negative ADP jobs report, which stayed in the spotlight as the government shutdown sidelined the official jobs report. Upcoming Attractions Jobless claims (Thursday): Expected to stay in the 220,000 range, similar to the last few years. University of Michigan
There Are 72% More Condo Sellers Than Buyers in the U.S.

Would-be condo buyers are spooked by high costs, including rising HOA dues and insurance fees–but the silver lining is bargaining power. The gap between sellers and buyers has shrunk since springtime, though, when there were 81% more sellers.  There were an estimated 72.3% more condo sellers than buyers (108,945 more)
Home Sellers Are Cutting Prices at a Record Rate to Lure Skittish Buyers

The typical home that sold in August went for nearly 4% under its asking price–the steepest discount for that month since 2019.  One of every six (16.7%) U.S. home sellers dropped their asking price in August, up from 15.9% a year earlier and the highest share for that month in
Pending Home Sales Slide, But There Are Bright Spots: Buyers Have Bargaining Power, Starter-Home Sales Improving

Pending U.S. home sales fell 1% year over year as mortgage rates ticked up after nine straight weeks of declines. Some would-be buyers are hesitant due to economic uncertainty, including jitters about potential layoffs and the government shutdown. Pending U.S. home sales fell roughly 1% from a year earlier during
Typical U.S. Luxury Home Price Rises 4% to $1.25M as Sales Fall to Lowest August Level in Over a Decade

The typical U.S. luxury home sold for $1,250,000 in August, up 3.9% from a year earlier. Luxury home sales fell 0.7% to the lowest August level in Redfin’s records, which go back to 2013. Non-luxury home sales also fell (-0.6%) to the lowest August level on record. The typical luxury
Starter-Home Sales Up 4% as Demand for Higher-Priced Options Stumbles

The median sale price of starter homes hit a record $260,508 in August, up 2.2% from a year earlier. Starter-home sales grew 3.8% year over year, rising for the 12th consecutive month to the highest August level in three years. In comparison, sales of mid- and high-price homes fell 0.6%
Redfin Economists’ Weekly Take: Potential Government Shutdown Looms Ahead of Key Jobs Report

Last Week In A Nutshell A quiet week with rates drifting slightly higher as Fed officials sounded cautious on future rate cuts. Upcoming Attractions Potential government shutdown: As of Monday morning, the government looks more likely than not to shut down Tuesday at midnight. The immediate impact of a short,
Home Appraisal Timeline: What to Expect Before Closing

AuthorAmanda Dodge.  Date: September 29, 2025 2:28 pm How long does an appraisal take? We break down each step of the process for buyers and sellers so that you can have a smooth transaction. The post Home Appraisal Timeline: What to Expect Before Closing appeared first on FastExpert.
Share of Mortgages with Rates Above 6% Climbs to 10-Year High as Americans Adapt to New Normal

80.3% of mortgaged U.S. homeowners have a rate below 6%, down from a record 92.7% in the second quarter of 2022. Just over half (52.5%) of mortgaged homeowners have a rate below 4%, down from 65.1% in 2022. Increased housing supply shows that the mortgage rate lock-in effect is easing,
Government Shutdown Could Impact Mortgage Processing, D.C. Housing Market

A federal government shutdown next Wednesday seems increasingly likely. The impact on the housing market would be fairly limited, though potentially larger in the Washington D.C. area—especially if the shutdown coincided with a reduction-in-force. Congress has not passed any appropriations bills this year, so a government shutdown would affect all
Pending Home Sales Post First Decline in 3 Months, Even As Mortgage Rates Drop

The weekly average mortgage rate dropped for the ninth straight week, dipping to an 11-month low. But would-be buyers are hesitant because prices are high, the economy is uncertain and new listings are dwindling.  The weekly average mortgage rate has fallen to 6.26%, the lowest level in nearly a year
How Often Do Contingent Offers Fall Through?

AuthorAmanda Dodge.  Date: September 24, 2025 5:15 pm Click here to browse our Real Estate Agent Directory and contact top-rated agents in your area! Receiving an offer on your home kicks off an exciting part of the sales process. As a seller, you can start to prepare for the closing
What Does a Realtor Do for Sellers? Key Roles and Responsibilities

AuthorAmanda Dodge.  Date: September 24, 2025 1:24 pm Use this guide to answer what does a Realtor do for sellers, and how do they help with the home sale before you begin. The post What Does a Realtor Do for Sellers? Key Roles and Responsibilities appeared first on FastExpert.
August’s Most Expensive Home Sales: Rosie O’Donnell’s Former Miami Mansion, Kauai Compound Once Owned by Julia Roberts

Four of last month’s most expensive sales were in coastal Florida, and one was a Beverly Hills estate previously home to billionaire real estate developer Rick Caruso.  A Beverly Hills estate previously owned by billionaire real estate magnate and 2022 Los Angeles mayoral candidate Rick Caruso was the most expensive
High Housing Costs Are Pushing Some Americans to Make Major Family Sacrifices, Like Delaying Having Kids Or Giving Up Pets

With nearly half of homeowners and renters struggling to afford housing, we’re taking a look at the family-related changes and sacrifices they’re making. Some are moving in with romantic partners, while others are continuing to live with their exes.  More than two in five (44.4%) U.S. homeowners and renters struggle
U.S. Home Prices Ticked Up 0.2% in August

U.S. home prices rose 0.2% from a month earlier in August on a seasonally adjusted basis. On a year-over-year basis, home prices rose 3.1%, the slowest rate recorded in Redfin Home Price Index (RHPI) data going back to 2012. 26 of the 50 most populous U.S. metros saw month-over-month price
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