From Our CEO
Home Sellers Are Cutting Prices at a Record Rate to Lure Skittish Buyers
The typical home that sold in August went for nearly 4% under its asking price–the steepest discount for that month since 2019. One of every
Pending Home Sales Slide, But There Are Bright Spots: Buyers Have Bargaining Power, Starter-Home Sales Improving
Pending U.S. home sales fell 1% year over year as mortgage rates ticked up after nine straight weeks of declines. Some would-be buyers are hesitant
Typical U.S. Luxury Home Price Rises 4% to $1.25M as Sales Fall to Lowest August Level in Over a Decade
The typical U.S. luxury home sold for $1,250,000 in August, up 3.9% from a year earlier. Luxury home sales fell 0.7% to the lowest August
Starter-Home Sales Up 4% as Demand for Higher-Priced Options Stumbles
The median sale price of starter homes hit a record $260,508 in August, up 2.2% from a year earlier. Starter-home sales grew 3.8% year over
Redfin Economists’ Weekly Take: Potential Government Shutdown Looms Ahead of Key Jobs Report
Last Week In A Nutshell A quiet week with rates drifting slightly higher as Fed officials sounded cautious on future rate cuts. Upcoming Attractions Potential
Share of Mortgages with Rates Above 6% Climbs to 10-Year High as Americans Adapt to New Normal
80.3% of mortgaged U.S. homeowners have a rate below 6%, down from a record 92.7% in the second quarter of 2022. Just over half (52.5%)
Home Sellers Are Cutting Prices at a Record Rate to Lure Skittish Buyers
The typical home that sold in August went for nearly 4% under its asking price–the steepest discount for that month since 2019. One of every
Pending Home Sales Slide, But There Are Bright Spots: Buyers Have Bargaining Power, Starter-Home Sales Improving
Pending U.S. home sales fell 1% year over year as mortgage rates ticked up after nine straight weeks of declines. Some would-be buyers are hesitant
Typical U.S. Luxury Home Price Rises 4% to $1.25M as Sales Fall to Lowest August Level in Over a Decade
The typical U.S. luxury home sold for $1,250,000 in August, up 3.9% from a year earlier. Luxury home sales fell 0.7% to the lowest August
Starter-Home Sales Up 4% as Demand for Higher-Priced Options Stumbles
The median sale price of starter homes hit a record $260,508 in August, up 2.2% from a year earlier. Starter-home sales grew 3.8% year over
Redfin Economists’ Weekly Take: Potential Government Shutdown Looms Ahead of Key Jobs Report
Last Week In A Nutshell A quiet week with rates drifting slightly higher as Fed officials sounded cautious on future rate cuts. Upcoming Attractions Potential
Share of Mortgages with Rates Above 6% Climbs to 10-Year High as Americans Adapt to New Normal
80.3% of mortgaged U.S. homeowners have a rate below 6%, down from a record 92.7% in the second quarter of 2022. Just over half (52.5%)