From Our CEO
U.S. Asking Rents Fell 1% Year Over Year in April—Biggest Drop in 14 Months
The median asking rent was $1,625, down $80 from the record high, as elevated apartment supply pushed rents lower. Asking rents fell fastest in Austin,
The Homes Americans are Buying are Older Than Ever
The typical home bought in the U.S. hit a record age of 36 years in 2024—up from 27 years in 2012. Buyers pay less for
Demand For Vacation Homes Drops to Lowest Level Since at Least 2018
Americans are purchasing one-third as many vacation homes as they were during the pandemic buying boom. High prices and mortgage rates, along with the return
Record-High Costs, Economic Unease Are Stunting This Spring’s Homebuying Season
With new listings rising and pending sales declining, Redfin agents suggest sellers set their asking price fairly from the start to attract buyers and avoid
Mortgage Rates to Hold Firm as Fed Continues ‘Wait-and-See’ Approach
Mortgage rates will stay largely unchanged after the Fed held rates steady at its May meeting, opting to remain in a noncommittal “wait-and-see” mode until
Washington, D.C. Housing Inventory Jumps Record 25% Amid Federal Layoffs
The number of homes for sale in the nation’s capital is at the highest level since 2022 amid a mass reduction in the federal workforce
U.S. Asking Rents Fell 1% Year Over Year in April—Biggest Drop in 14 Months
The median asking rent was $1,625, down $80 from the record high, as elevated apartment supply pushed rents lower. Asking rents fell fastest in Austin,
The Homes Americans are Buying are Older Than Ever
The typical home bought in the U.S. hit a record age of 36 years in 2024—up from 27 years in 2012. Buyers pay less for
Demand For Vacation Homes Drops to Lowest Level Since at Least 2018
Americans are purchasing one-third as many vacation homes as they were during the pandemic buying boom. High prices and mortgage rates, along with the return
Record-High Costs, Economic Unease Are Stunting This Spring’s Homebuying Season
With new listings rising and pending sales declining, Redfin agents suggest sellers set their asking price fairly from the start to attract buyers and avoid
Mortgage Rates to Hold Firm as Fed Continues ‘Wait-and-See’ Approach
Mortgage rates will stay largely unchanged after the Fed held rates steady at its May meeting, opting to remain in a noncommittal “wait-and-see” mode until
Washington, D.C. Housing Inventory Jumps Record 25% Amid Federal Layoffs
The number of homes for sale in the nation’s capital is at the highest level since 2022 amid a mass reduction in the federal workforce
