Real Estate News Today

Active listings are rising in part because many homes are lingering on the market, causing supply to pile up. We’re taking a break from analysis this week, but please see the tables and charts below for this week’s housing-market data. We’ll be back with full commentary after the holidays.  Note: So

Home prices grew 0.5% month over month in November, the third consecutive month with a 0.5% increase. On a year-over-year basis, home prices rose 5.7%, the smallest annual increase since October 2023. 14 of the 50 most populous U.S. metros recorded a drop in home prices month over month. U.S. home p

The holiday season is in full swing, and no one is feeling it more than our recruiting team! I want to take a moment to recognize all of the new agents who decided to join Redfin amid a very busy season. Please join me in giving our November Newfins a warm welcome! This month, we’re thrilled to say

Home sales are up 28% year over year in Portland, OR—the biggest gain of any major U.S. metro. Next come San Jose, Seattle and San Francisco, which also saw double-digit increases. In Portland, OR, home sales jumped 27.6% year over year in November—the biggest increase among the 50 most populous U.S

Mortgage rates are seeing some relief today following a number of important economic developments. What’s driving the move in rates? Here’s our take: Potential government shutdown: New developments are coming every hour, but as of Friday afternoon there’s a chance the government could shut down goin

Homeowners with kids living under their roof are much more likely to receive help from family with down payments and/or monthly mortgages than their no-kids counterparts, according to a recent Redfin-commissioned survey. That’s partly because they’re buying bigger, more expensive homes. One-quarter

New listings posted their second-biggest annual increase since early summer this week, and pending home sales continue to rise. New listings of homes for sale are up 7.6%, the biggest year-over-year increase since June (except the four weeks ending November 24, when the increase was inflated due to

AuthorAmanda Dodge.  Date: December 19, 2024 2:59 am Owning a home requires you to have a clear picture of your finances. Not only do you need to know what to budget each month for various expenses, but you also have to be aware of tax savings. From deducting mortgage interest to claiming energy tax

The Fed cut the fed funds rate by 25 bps on Wednesday, as widely expected, but mortgage rates increased as the Fed reduced its 2025 projections from four cuts to two amid stickier-than-expected inflation and considerable policy uncertainty. Fed officials cut the fed funds rate for the third meeting

Homebuying activity picked up in November as election uncertainty dissipated and buyers grew more accustomed to elevated mortgage rates. Existing home sales for the full year will likely be in line with 2023 levels, but we expect activity to tick up in 2025. Existing home sales rose 0.7% month over

37% of home purchases made by people 65+ occur in counties with high risk of extreme heat, compared with 32% of purchases made by people under 35. The same trend holds true for flood and fire risk. Nearly all homes (96%) face high heat risk in the counties where 65+ buyers take out the largest share

52% of U.S. apartments were rented within three months, down from 54% a quarter earlier. Newly-built 3+ bedroom apartments rented out faster in the third quarter than other bedroom types. One-bedroom and two-bedroom apartments rented out slower as completions climbed by more than 20%. Just over half

The median asking rent for a new apartment rose 1.5% year over year to $1,802 in the third quarter. Asking rents fell in the Northeast, while rising in the South, West and Midwest regions. New apartment completions rose to the highest level in at least 12 years, with the biggest jumps seen in the We

AuthorAmanda Dodge.  Date: December 16, 2024 2:08 am Several risks come with not paying your credit card bills. You may accrue late fees and interest that further increase your debt, your credit card company may send your account to collections, and you may have a damaged credit score – making it ha

47% of renters feel a sense of belonging in their neighborhood, compared with 64% of homeowners, according to a new Redfin survey. 39% of renters feel they have things in common with their neighbors, compared with 59% of homeowners.  42% of renters try to avoid interacting with their neighbors, vers

AuthorAmanda Dodge.  Date: December 13, 2024 3:50 am The kitchen is one of the most important rooms in the house for buyers. Some people love preparing home-cooked meals throughout the week and use the kitchen as a gathering point. Modern kitchen trends reflect the value of this space, with more des

Home tours, mortgage applications and pending sales are rising as mortgage rates decline from the four-month high they hit in late November. More sellers are coming off the fence, too.  Mortgage rates are declining after last week’s cooler-than-expected jobs report made it clear the Fed will cut int

AuthorAmanda Dodge.  Date: December 12, 2024 1:56 am Staging is a powerful way to attract buyers and help them understand your home. According to the National Association of Realtors (NAR), 81% of buyers’ agents said staging made it easier for their clients to visualize what living in the home would

AuthorAmanda Dodge.  Date: December 11, 2024 9:13 pm Comparable properties are one of the best indicators within the real estate market. A buyer, seller, or investor who wants to estimate a property’s value can look at real estate comps to learn about the local market. Whether you hire a real estate

AuthorAmanda Dodge.  Date: December 11, 2024 8:59 pm You have many legal options to plan for the end of your life and the distribution of your assets. Some people choose to put their real estate in trusts, which allows their heirs to skip the lengthy probate process. The heirs can take control of th