U.S. Luxury Home Prices Jump 5.5% in October, Triple the Pace of Non-Luxury Homes

Luxury home sale prices rose 5.5% year over year to a median $1,278,950, a record high for October. Non-luxury home prices grew 1.8% to a median $373,249. Luxury home sales increased 2.9% year over year, while non-luxury sales rose 0.7%; both remain near decade-low October levels. Luxury inventory c
Mortgage Rates to Hold Firm as Delayed Jobs Report Shows Unemployment at 4-Year High

Rates will stay mostly steady today after the delayed September jobs report showed both a rising unemployment rate, and strong but concentrated jobs growth in the private sector. The path forward for the Fed’s December 10 meeting is unclear with no more official jobs data until December 16. The Fed
Home Prices Post Biggest Gain in 7 Months Despite Slow Demand

Would-be homebuyers are sitting on the sidelines, wary of economic uncertainty and still-high housing costs. A dwindling pool of supply is propping up prices.  The median U.S. home-sale price rose 2.3% during the four weeks ending November 16, the biggest increase in seven months. Sale prices are ri
The Housing Affordability Crisis Is Accelerating Fastest in Rural America

Rural homebuyers need to earn $75,000 to afford the typical home, up from $36,000 before the pandemic. Suburban and urban areas have also seen affordability erode—but not as severely. The median home sale price in rural areas is up 61% from before the pandemic, compared with a 49% increase in suburb
It’s the Strongest Buyer’s Market in Records Dating Back Over a Decade

Home sellers outnumbered buyers by a record 36.8% in October, giving buyers who were in the market room to negotiate.  The number of buyers in the market dropped 1.7% to the lowest level on record aside from the start of the pandemic amid high housing costs and economic uncertainty. The number of se
October’s Most Expensive Home Sales Include Adam Levine’s Former Montecito Compound

California and Florida dominated October’s ultra-luxury housing market, with oceanfront estates and celebrity homes going for more than $30 million.  A brand-new oceanfront estate in Delray Beach, FL was the most expensive home sale of October, bringing in $59 million.  It’s followed closely by the
The U.S. Housing Market Is Stuck, With Sales and Listings Barely Budging

Home sales and new listings were little changed from a month and a year earlier in October, and prices have also shown signs of flattening. Housing-market activity is plateauing as Americans grapple with high costs and economic uncertainty. Still, buyers have the upper hand; the typical home that so
U.S. Home Prices Rose 0.3% in October

U.S. home prices rose 0.3% from a month earlier in October on a seasonally adjusted basis. Home prices increased 2.9% year over year, down from 3.1% in September and the slowest growth since 2012. Prices fell in 14 of the 50 most populous U.S. metros, down from 37 metros posting drops in July. The b
Redfin Economists’ Weekly Take: Lack of Fresh Economic Data May Prevent December Rate Cut

This Week In A Nutshell With the government open, mortgage rates may wobble as we digest the September jobs report this Thursday and hear from the statistical agencies about what fresh data will be arriving before the December 10 Fed meeting. Upcoming Attractions September jobs report (Thursday): Th
How a 50-Year Mortgage Would Differ From a 30-Year Mortgage—and What It Would Mean for Homebuyers

A proposed 50-year mortgage could lower monthly payments, but buyers would pay far more interest over time and build equity far more slowly. The Trump administration is considering the idea of introducing a 50-year fixed-rate mortgage as a way to make housing more affordable. But stretching a loan o
Redfin Debuts Conversational Search to Reinvent How You Find Homes

The AI feature allows you to have a back-and-forth dialogue with Redfin while you search, helping you discover homes that best suit your preferences For years, online real estate search has been limited by filters and map boundaries. But no more: Starting today, you can use our new AI-powered conver
Pending Home Sales Slip As Would-Be Buyers Wait For Lower Rates and Economic Clarity

The homes that do sell are taking a long time to find buyers, who are wary of high housing costs and economic instability.  U.S. pending home sales fell 0.3% from a year earlier during the four weeks ending November 9, a tiny decline but the first in four months. The homes that are selling are stayi
Top Winter Renovations Worth Doing

AuthorKathleen Long.  Date: November 12, 2025 5:34 pm Prepare your home for winter with these essential renovations that enhance comfort and increase property value. Read the article for expert tips! The post Top Winter Renovations Worth Doing appeared first on FastExpert.
How to Win a Bidding War on a House

AuthorKelsey Heath.  Date: November 12, 2025 4:11 pm Discover how to win a bidding war on a house with proven tips on financing, offer strategies, and contingencies. The post How to Win a Bidding War on a House appeared first on FastExpert.
How Much Are Closing Costs? Buyer & Seller Guide

AuthorKelsey Heath.  Date: November 12, 2025 2:45 pm How much are closing costs? Discover average fees, buyer vs. seller responsibilities, and expert tips to reduce expenses. The post How Much Are Closing Costs? Buyer & Seller Guide appeared first on FastExpert.
Foreclosed Homes for Sale: Risks & Rewards

AuthorKelsey Heath.  Date: November 12, 2025 1:42 pm Explore the risks and rewards of foreclosed homes for sale. From renovation potential to hidden costs, learn how to buy with confidence. The post Foreclosed Homes for Sale: Risks & Rewards appeared first on FastExpert.
How Long Do Houses Stay on the Market Before Selling? Key Insights.

AuthorAmanda Dodge.  Date: November 10, 2025 9:36 pm Buyers and sellers both want to know how long do houses stay on the market before selling. Find the latest trends and insights here. The post How Long Do Houses Stay on the Market Before Selling? Key Insights. appeared first on FastExpert.
Can You Sell Your House Back to the Bank? Understanding Your Options

AuthorAmanda Dodge.  Date: November 10, 2025 8:13 pm Are you struggling financially and wondering, “Can you sell your house back to the bank?” Find help here. Learn what the process looks like. The post Can You Sell Your House Back to the Bank? Understanding Your Options appeared first on FastExpert
Redfin Economists’ Weekly Take: Fresh Government Data Could Bring Mortgage Rate Volatility

This Week In A Nutshell The government shutdown looks likely to end this week, which means a flurry of fresh economic data over the next month or so could bring mortgage-rate volatility as investors reprice the odds of future rate cuts. Upcoming Attractions Turning on the data spigot: With the gover
Affordability Improves Slightly For Veteran Homebuyers, But Most Homes Are Still Out of Reach

22% of U.S. home listings are affordable to the typical U.S. military veteran using a VA loan.  Veterans–both those using VA loans and those using conventional loans–can afford slightly more home listings than they could have in 2023, when affordability was at an all-time low. Now, incomes are risin
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