6 Reasons Why You Should Wait to Buy a House
AuthorMike Dotson. Date: June 25, 2025 4:13 pm Expert Advice: Sometimes it’s better to wait to buy a house. Examine these 6 areas to determine if buying a house is right for you. The post 6 Reasons Why You Should Wait to Buy a House appeared first on FastExpert.
Before You Fall in Love With a Home, Check These Things
AuthorDebbie Sagorin. Date: June 25, 2025 12:53 pm It’s essential to take a step back before you fall in love with a home. Check this list of hidden, but critical elements. The post Before You Fall in Love With a Home, Check These Things appeared first on FastExpert.
Here Are the Most Expensive Home Sales of May
All of last month’s most expensive home sales were in Southern California, Florida or Manhattan. A Bel Air estate was the most expensive home sale of May, fetching $110 million. Another Los Angeles home, a Spanish villa in neighboring Holmby Hills, came in second, with a sale price of $57.3
U.S. Home Prices Edged Down 0.1% in May, Only the Fourth Monthly Drop in the Past Decade
U.S. home prices in May ticked down 0.1% on a seasonally adjusted basis—only the fourth time in the past decade when prices have posted a monthly decline. Home prices rose 3.6% year over year—the first time annual growth has been below 4% since July 2023. 32 of the 50 most
6% of Today’s Home Sellers Are At Risk of Selling at a Loss. That’s Up From 4.4% a Year Ago, But Still Historically Low.
The risk of selling at a loss varies significantly in different parts of the country; nearly 20% of sellers are at risk of losing money in San Francisco, compared to virtually 0% of sellers in Providence, RI. Nearly one in 10 condos are at risk of selling at a loss.
The Hidden Costs of Buying a Home
AuthorKelsey Heath. Date: June 24, 2025 3:09 am Most buyers usually budget for items like finance fees and inspections, but most are surprised by the hidden costs of buying a home that can add up to thousands. The hidden expenses don’t end on closing day but continue on with each
Home Prices Grow at Slowest Pace in Nearly 2 Years
Home prices, while at a record high for this time of year, are growing at the slowest clip since 2023 because sellers outnumber buyers. Active listings hit a 5-year high in May, while existing-home sales hit a 7-month low. It took 38 days for the typical home to go under
U.S. Home Prices Hit All-Time High
While the median home-sale price is sitting at a record high, it’s notably lower than the median asking price. That’s because sellers are open to negotiating in today’s cooling housing market, in which sellers outnumber buyers. The median U.S. home-sale price hit a record $396,500 during the four weeks ending
How to Convert a Second Home to an Investment Property
AuthorAmanda Dodge. Date: June 20, 2025 4:18 am More homeowners than ever are converting their primary residences into investment properties, opting to hold onto the homes and rent them out instead of selling them when they move out. Some people believe they can earn extra money each month with these
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

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