From Our CEO
Mortgage Rates Unlikely to Move Much, Despite Fed’s Decision to Cut Big
The Fed split the difference, relative to market expectations, by cutting rates by 50 bps today, but projecting only more gradual cuts from here on
Existing Home Sales, Pending Sales Fall to Lowest Level Since Pandemic Start as House Hunters Wait for Mortgage Rates to Drop Further
Sales of existing homes dropped 1% month over month in August to a seasonally adjusted annual rate of 4 million, while pending sales fell 2%.
U.S. Home Prices Rose 0.5% in August, the Biggest Increase in 4 Months
Home prices grew 0.5% month over month in August, the fastest pace since April. On a year-over-year basis, home prices rose 6.7%, the smallest annual
Redfin Welcomes August Agent Hires
Redfin is closing out the summer strong by welcoming another great group of Newfins! The talented agents who joined us in August come from all
Don’t End Clear Cooperation
Today, the National Association of Realtors is considering proposals advanced by traditional brokers to undo the Clear Cooperation policy against pocket listings. This would hurt
Demand for Second-Home Mortgages Falls to Eight-Year Low
Mortgage-rate locks for second homes have dropped 13% since last summer—more than twice as much as rate locks for primary homes. Demand for second-home mortgages
Mortgage Rates Unlikely to Move Much, Despite Fed’s Decision to Cut Big
The Fed split the difference, relative to market expectations, by cutting rates by 50 bps today, but projecting only more gradual cuts from here on
Existing Home Sales, Pending Sales Fall to Lowest Level Since Pandemic Start as House Hunters Wait for Mortgage Rates to Drop Further
Sales of existing homes dropped 1% month over month in August to a seasonally adjusted annual rate of 4 million, while pending sales fell 2%.
U.S. Home Prices Rose 0.5% in August, the Biggest Increase in 4 Months
Home prices grew 0.5% month over month in August, the fastest pace since April. On a year-over-year basis, home prices rose 6.7%, the smallest annual
Redfin Welcomes August Agent Hires
Redfin is closing out the summer strong by welcoming another great group of Newfins! The talented agents who joined us in August come from all
Don’t End Clear Cooperation
Today, the National Association of Realtors is considering proposals advanced by traditional brokers to undo the Clear Cooperation policy against pocket listings. This would hurt
Demand for Second-Home Mortgages Falls to Eight-Year Low
Mortgage-rate locks for second homes have dropped 13% since last summer—more than twice as much as rate locks for primary homes. Demand for second-home mortgages
