Fed Leaves Rates Unchanged as More Officials Predict No Cuts This Year Amid Economic Uncertainty

Mortgage rates will remain steady after the Fed left rates unchanged at its June meeting, as expected. The Fed maintained a forecast of two rate cuts in the second half of 2025, but a growing number of Fed officials also predicted no rate cuts this year, reflecting the growing uncertainty
1 in 3 Baby Boomers Say They’ll Never Sell Their Home

An additional 30% of baby boomers who own their home say they’ll hold onto it for at least a decade. One-third (33.5%) of baby boomers who own their home say they’ll never sell, according to a recent Redfin-commissioned survey. Another 30% say they’ll sell their home at some point, but
Redfin and Thumbtack Help You Find Pros for Every Home Improvement Project

Summer is here, and it’s prime time for tackling your home improvement projects! We’ve teamed up with Thumbtack to help you breeze through your to-do list. Now, you can browse top home improvement services, connect with trusted pros, read real customer reviews, and get cost estimates quickly and easily—all from
Homebuyers’ Down Payments Are Shrinking for the First Time in Almost Two Years as Housing Market Cools

The typical U.S. homebuyer puts 15% down, essentially unchanged from 15.1% last year.  FHA and VA loans are becoming more common as the housing market tilts toward buyers. Just over 15% of mortgaged homebuyers use an FHA loan, and just over 7% use a VA loan, up from last year. 
Can You Live in a House During Probate?

AuthorAmanda Dodge.  Date: June 16, 2025 12:15 am When someone passes away, the process of distributing assets to their heirs can take time. Not only are people working through their grief, but they are also navigating probate while the courts decide who gets what. This process can be even more
Can You Negotiate a Mortgage Rate After Locking?

AuthorKelsey Heath.  Date: June 15, 2025 1:14 am A high mortgage rate can lead to thousands of dollars paid in interest over the life of the loan. Mortgage rate locks are designed to protect borrowers from rising interest rates but also work in reverse. Once locked, your rate typically won’t
How Much Value Does Central Air Add to a House?

AuthorKelsey Heath.  Date: June 15, 2025 1:07 am Anyone who has spent a summer relying on window units and fans knows the struggle: uneven cooling, loud motors humming through the night, and the constant battle of installing and removing them each season. Homes with central air are not just more
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
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