Home-Price Growth Is Losing Steam As Buyers Back Off Amid Economic Instability and High Costs
U.S. home prices are growing half as fast as they were at the end of last year. Nationwide, the median home-sale price rose 2.6% year over year during the four weeks ending April 13. That’s roughly the same as the increases we’ve seen over the past month, but down from 5% to 6% growth at the end of
U.S. Homes Are Selling at the Slowest Pace in 6 Years
The typical home that went under contract in March sat on the market for 47 days. Homes sold over twice that fast during the pandemic homebuying frenzy. Homes are taking longer to sell because many are overpriced and demand is sluggish. Plus, sellers are competing with each other—the supply of homes
How to Buy, Sell or Rent a Home Amid Economic Uncertainty
With markets remaining volatile following President Trump’s announcement of new tariffs earlier this month, Redfin’s Economics Lead Chen Zhao outlines what buyers, sellers and renters should be considering during periods of economic turmoil. Buyers Make sure you feel financially comfortable with yo
Florida and Texas Are Gaining Residents at a Much Slower Rate Than They Used To, Eating Into Homebuyer Demand
The rising cost of housing and the increasing frequency of natural disasters are slowing migration to certain Florida and Texas metros. The flow of U.S. residents moving into Florida, Texas and other parts of the Sun Belt slowed significantly in 2024. Tampa had a net inflow of just over 10,000 resi
Here Are the 10 Most Expensive Home Sales of March
Half of last month’s most expensive home sales were in beachfront Florida, but an Oahu compound took the number-one spot. Hawaii was home to the most expensive home sale of March, with a beachfront estate on Oahu going for $65.8 million. Next came two properties that sold for $60 million apiece: a
Can You Buy a House With Cash and Without Proof of Income?
AuthorKelsey Heath. Date: April 15, 2025 1:59 am For buyers who value privacy, need to purchase quickly, or want non-traditional income sources, paying cash seem like an ideal way to purchase property with minimal disclosure. You can buy a home without a loan, but can you buy a house without proof
Essential Documents to File Taxes as a Homeowner
AuthorAmanda Dodge. Date: April 15, 2025 12:03 am No one looks forward to filing their taxes, but that doesn’t mean this process has to be difficult. A large part of filing involves finding various financial documents and forms to submit to the IRS. If you are an organized person who keeps clear re
How to Declutter Your Home and Keep the Motivation Going
AuthorAmy Prumo. Date: April 14, 2025 4:04 pm Declutter your home and create a space where potential buyers can envision themselves there! The post How to Declutter Your Home and Keep the Motivation Going appeared first on FastExpert.
Buyers Should See All the Listings, Sellers Should Control How Their Listing Appears Online
Because we believe that all buyers should be able to see all listings, Redfin.com will not publish any listings that have been publicly marketed before being shared with all real estate websites via the MLS. To encourage home-sellers to market their listings via the MLS, Redfin is also asking MLSs t
Redfin Welcomes Over 120 New Agents in March
Redfin was recently recognized as one of the top residential real estate brokerages by RealTrends Verified, a distinction made possible by the hard work and resilience of our outstanding agents. Our team of talented professionals continues to grow, with over 120 agents joining Redfin in March alone.
U.S. Asking Rents Fell Slightly in March, But Tariffs Could Drive Up Costs for Renters
The median asking rent dropped 0.6% year over year to $1,610, the 13th-straight month in which rents have been fairly stable. New tariffs could increase rental demand and hamper rental supply, which would cause rents to rise. The median U.S. asking rent fell 0.6% year over year to $1,610 in March, a
Can You Use a HELOC to Buy a Second Home?
AuthorKelsey Heath. Date: April 14, 2025 1:50 am When financing a second home, you usually need a larger deposit and the income to support the debt payments. You also need to find the right financing, because many loans are only available for your primary residence. Most people consider turning to
Does Adding a Porch Increase Home Value?
AuthorAmanda Dodge. Date: April 12, 2025 2:55 am A porch is a shaded space that is built around a home. You might have a front porch that protects you from the rain when you unlock your door or a back porch where you relax and entertain guests throughout the year. Homeowners want recreational space
Lots of Showings But No Offers? Here’s What Might Be Going Wrong
AuthorAmanda Dodge. Date: April 11, 2025 11:44 pm Every real estate market and home sale is unique, but some people experience similar problems when they are trying to move. It’s not uncommon for a house to get lots of showings but no offers. There is definitely interest in the property, but there
What is a Desktop Appraisal?
AuthorAmanda Dodge. Date: April 11, 2025 11:42 pm An appraisal is an invaluable part of the buying and selling process. It alerts the buyer to the value of the property to ensure they don’t overpay for it. Most lenders require buyers to get appraisals before they approve loans to confirm that the m
Mortgage Rates Unlikely to Benefit from Cooling Inflation
Core CPI was much lower than expected in March, largely because of deterioration in travel-related costs. However, mortgage rates won’t drop much today because tariffs are still very high and will boost inflation in months to come. Core inflation was just 0.06% in March, much lower than the 0.24% ex
Homebuyers Need to Earn Over $50,000 More Than Renters to Afford Monthly Payments—And the Gap Is Widening
Americans need an annual income of $117,000 to afford the typical home for sale. That’s 82% more than they need for the typical rental, up from 73% more last year. The gap is widening because home prices are rising faster than rents. The gap is widening most in Salt Lake City and Austin, and shrinki
Homebuyer Demand Improved Last Week, But Tariff Turmoil, Rising Rates and Economic Jitters Likely to Hamper Sales
Pending home sales and mortgage applications improved a bit at the start of April. But since then, the back-and-forth on President Trump’s new tariff policy, rising mortgage rates and the increased odds of a recession have likely pushed down homebuying sentiment. The housing market is under pressur
Does Removing Popcorn Ceiling Increase Property Value?
AuthorKelsey Heath. Date: April 9, 2025 11:35 pm Popcorn ceiling texture is a throwback to the 1950s when it first became popular and remained trendy until the 1980s. If you own a house with this dated feature or are considering buying one, you probably wonder if removing popcorn ceiling increase p
Hispanic Home Values Top $2 Trillion, But Growth Lags Behind Other Groups as Sun Belt Housing Markets Soften
The total value of homes in majority-white neighborhoods grew 5.4% year over year in 2024 to $40.4 trillion. It grew nearly as fast in majority-Black neighborhoods, rising 5.3%. Home values also grew in majority-Asian neighborhoods, but at a slightly slower pace; the total value of homes in majorit

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