From Our CEO
Here's the Other Story in Today's Jobs Report: Americans Are Dropping Out
Employers added 223,000 jobs in June and unemployment fell. But as always, there’s more to the story. The number of Americans working or looking for work fell to its lowest in 37 years. Back then, a 30-year mortgage was 9 percent and rising fast. One month doesn’t make a trend, but 15 years does. That’s about how long people have been dropping out of the workforce.
… and Here's Your Housing News for June 29, 2015
Several big Supreme Court decisions and a bushel of upbeat economic data had a lot of Americans partying over the weekend. While you nurse the hangover, here’s a rundown of what it all means. This week, economists expect more good news on home prices and job creation. On July 4th, my old neighbor Dave Grohl will come out of convalescence for an epic event in D.C. His boyhood home? A suburban, three-bedroom split level built in 1955.
Where Will All the Unicorns Go?
What happens when one company after another raises private capital at a multi-billion dollar valuation? No one in Silicon Valley really knows, though we ask ourselves that question every day.
The Week in Housing News
Janet Yellen used the word “gradual” seven times in a single hour last week, secret Fedspeak signalling that interest rates probably will rise… gradually. In other housing news, homes are selling at a record speeds and we saw more price frenzy in San Francisco. For Father’s Day, we learned how much Greek kids love Dad—and his basement. Mark your calendars for Thursday, when Redfin debuts an innovative index of homebuyer demand. Also on tap: Harvard releases its annual state-of-housing report and we get more sales data.
Home Sales Hit High Speed as Price Growth Taps Brakes
In May homes sold at their fastest pace in nearly two years, with the typical property on the market only 28 days, down from 32 in April. Last month, 35.6 percent of homes went under contract within two weeks of their debut, just shy of the peak rate of 35.8 percent exactly two years ago. For the last three years there’s been a double-digit spike in homes sold; this year, an inventory shortage has kept a lid on that growth.
Persistent Price Increases Create Challenging Housing Market in Washington, D.C.
The housing market in Washington D.C. has been “exhausting” for buyers, according to Redfin real estate agents. Here’s what the data shows.
Here's the Other Story in Today's Jobs Report: Americans Are Dropping Out
Employers added 223,000 jobs in June and unemployment fell. But as always, there’s more to the story. The number of Americans working or looking for work fell to its lowest in 37 years. Back then, a 30-year mortgage was 9 percent and rising fast. One month doesn’t make a trend, but 15 years does. That’s about how long people have been dropping out of the workforce.
… and Here's Your Housing News for June 29, 2015
Several big Supreme Court decisions and a bushel of upbeat economic data had a lot of Americans partying over the weekend. While you nurse the hangover, here’s a rundown of what it all means. This week, economists expect more good news on home prices and job creation. On July 4th, my old neighbor Dave Grohl will come out of convalescence for an epic event in D.C. His boyhood home? A suburban, three-bedroom split level built in 1955.
Where Will All the Unicorns Go?
What happens when one company after another raises private capital at a multi-billion dollar valuation? No one in Silicon Valley really knows, though we ask ourselves that question every day.
The Week in Housing News
Janet Yellen used the word “gradual” seven times in a single hour last week, secret Fedspeak signalling that interest rates probably will rise… gradually. In other housing news, homes are selling at a record speeds and we saw more price frenzy in San Francisco. For Father’s Day, we learned how much Greek kids love Dad—and his basement. Mark your calendars for Thursday, when Redfin debuts an innovative index of homebuyer demand. Also on tap: Harvard releases its annual state-of-housing report and we get more sales data.
Home Sales Hit High Speed as Price Growth Taps Brakes
In May homes sold at their fastest pace in nearly two years, with the typical property on the market only 28 days, down from 32 in April. Last month, 35.6 percent of homes went under contract within two weeks of their debut, just shy of the peak rate of 35.8 percent exactly two years ago. For the last three years there’s been a double-digit spike in homes sold; this year, an inventory shortage has kept a lid on that growth.
Persistent Price Increases Create Challenging Housing Market in Washington, D.C.
The housing market in Washington D.C. has been “exhausting” for buyers, according to Redfin real estate agents. Here’s what the data shows.
