From Our CEO
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%)
Government Shutdown Could Impact Mortgage Processing, D.C. Housing Market
A federal government shutdown next Wednesday seems increasingly likely. The impact on the housing market would be fairly limited, though potentially larger in the Washington
Pending Home Sales Post First Decline in 3 Months, Even As Mortgage Rates Drop
The weekly average mortgage rate dropped for the ninth straight week, dipping to an 11-month low. But would-be buyers are hesitant because prices are high,
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%)
Government Shutdown Could Impact Mortgage Processing, D.C. Housing Market
A federal government shutdown next Wednesday seems increasingly likely. The impact on the housing market would be fairly limited, though potentially larger in the Washington
Pending Home Sales Post First Decline in 3 Months, Even As Mortgage Rates Drop
The weekly average mortgage rate dropped for the ninth straight week, dipping to an 11-month low. But would-be buyers are hesitant because prices are high,
