From Our CEO
Lower Mortgage Rates Trim Hundreds Off Monthly Payments, Yet Homebuyers Are Still Cautious
Pending home sales are up 1% from a year ago, and new listings are stagnant. Redfin agents say some house hunters are staying on the
U.S. Asking Rents Rise Most Since 2022 As Apartment Construction Slows
Asking rents climbed 3% in August as slowing supply and robust demand gave landlords more bargaining power; the number of new apartments hitting the market
Redfin Economists’ Weekly Take: All Eyes on Inflation Data Ahead of Expected Fed Rate Cut
Last Week In A Nutshell Weak labor market data indicates that the economy is at risk of a recession, meaning the Fed needs to start
Black Homeownership Rate Drops to Lowest Level Since 2021
The Black homeownership rate fell to 43.9% in the second quarter, while the Hispanic homeownership rate ticked up slightly. The drop in the Black homeownership
A Homebuyer on a $3K Budget Has Gained $22K in Purchasing Power Since June As Rates Drop to Lowest Level in 11 Months
Purchasing power has increased $7,500 in the last week alone, with rates falling to 6.3% on a weak August jobs report. The daily average mortgage
Mortgage Rates to Fall to the Lowest Level in Almost a Year on Today’s Weak Jobs Report
Today’s weak jobs report all but guarantees that the Fed will cut interest rates by 25 basis points at its September 17 meeting, and that’s
Lower Mortgage Rates Trim Hundreds Off Monthly Payments, Yet Homebuyers Are Still Cautious
Pending home sales are up 1% from a year ago, and new listings are stagnant. Redfin agents say some house hunters are staying on the
U.S. Asking Rents Rise Most Since 2022 As Apartment Construction Slows
Asking rents climbed 3% in August as slowing supply and robust demand gave landlords more bargaining power; the number of new apartments hitting the market
Redfin Economists’ Weekly Take: All Eyes on Inflation Data Ahead of Expected Fed Rate Cut
Last Week In A Nutshell Weak labor market data indicates that the economy is at risk of a recession, meaning the Fed needs to start
Black Homeownership Rate Drops to Lowest Level Since 2021
The Black homeownership rate fell to 43.9% in the second quarter, while the Hispanic homeownership rate ticked up slightly. The drop in the Black homeownership
A Homebuyer on a $3K Budget Has Gained $22K in Purchasing Power Since June As Rates Drop to Lowest Level in 11 Months
Purchasing power has increased $7,500 in the last week alone, with rates falling to 6.3% on a weak August jobs report. The daily average mortgage
Mortgage Rates to Fall to the Lowest Level in Almost a Year on Today’s Weak Jobs Report
Today’s weak jobs report all but guarantees that the Fed will cut interest rates by 25 basis points at its September 17 meeting, and that’s
