From Our CEO
Home Sales Exceed Pre-Pandemic Levels for the First Time as Mortgage Rates Hit Another Record Low
For the first time, home sales are higher than before the pandemic due to low mortgage rates. With low inventory, homes sell fast and prices rise.
More Than Half of Redfin Offers Faced Bidding Wars for Second Consecutive Month in June
54% of Redfin offers faced competition as the supply of homes for sale and mortgage rates continued to fall in June. Single-family homes and townhouses were much more likely than condos to receive multiple bids.
Pending Home Sales Retreat Even as Mortgage Rates Dip to New Low
The housing market closed out the month of June on somewhat uneven footing as pending sales pulled back slightly despite another record low for mortgage interest rates.
Milwaukee, San Francisco and Detroit Top the List of Places Where Black Homebuyers Are More Likely to Be Denied a Home Loan
Nationwide, 15.9% of Black Americans who apply for mortgages are rejected, compared with just 7% of white Americans. The gap is even wider in Milwaukee, San Francisco, Detroit and Chicago.
Pressing Pause on Facebook Ads
Inspired by the NAACP-led boycott Stop Hate for Profit, Redfin is limiting its advertising spending on Facebook in July.
Luxury Home Prices Dropped 2.3% This Spring, Reversing Course From Pre-Pandemic Growth
Momentum in high-end home-price growth changed course with the onset of the coronavirus pandemic, but the latest data shows luxury home prices are starting to rebound.
Home Sales Exceed Pre-Pandemic Levels for the First Time as Mortgage Rates Hit Another Record Low
For the first time, home sales are higher than before the pandemic due to low mortgage rates. With low inventory, homes sell fast and prices rise.
More Than Half of Redfin Offers Faced Bidding Wars for Second Consecutive Month in June
54% of Redfin offers faced competition as the supply of homes for sale and mortgage rates continued to fall in June. Single-family homes and townhouses were much more likely than condos to receive multiple bids.
Pending Home Sales Retreat Even as Mortgage Rates Dip to New Low
The housing market closed out the month of June on somewhat uneven footing as pending sales pulled back slightly despite another record low for mortgage interest rates.
Milwaukee, San Francisco and Detroit Top the List of Places Where Black Homebuyers Are More Likely to Be Denied a Home Loan
Nationwide, 15.9% of Black Americans who apply for mortgages are rejected, compared with just 7% of white Americans. The gap is even wider in Milwaukee, San Francisco, Detroit and Chicago.
Pressing Pause on Facebook Ads
Inspired by the NAACP-led boycott Stop Hate for Profit, Redfin is limiting its advertising spending on Facebook in July.
Luxury Home Prices Dropped 2.3% This Spring, Reversing Course From Pre-Pandemic Growth
Momentum in high-end home-price growth changed course with the onset of the coronavirus pandemic, but the latest data shows luxury home prices are starting to rebound.
