From Our CEO
The Number of Renter Households is Growing Three Times Faster Than Homeowner Households
The number of renter households grew 2.7% in the third quarter, the second biggest year-over-year gain since 2015. The number of homeowner households grew 0.9%.
38% of People Who Already Voted Say Housing Affordability Impacted Their Presidential Pick
Respondents to a new Redfin-commissioned survey were most likely to say their presidential pick was impacted by the economy, inflation or protecting democracy. 40% of
Mortgage Rates to Fall a Little After Weak Jobs Report, But All Eyes on Election
A much weaker-than-expected October jobs report will reverse a very small part of the recent climb in mortgage rates. But they will remain elevated relative
28% of Houses For Sale Are Newly Built, the Lowest Share in 3 Years
New-construction homes are making up a smaller portion of total inventory as builders back off and more homeowners list their houses for sale. Newly built
Real Estate Agent Commissions Hold Steady Since New Industry Rules Were Implemented
Buyer’s agent commissions for closed home sales in October were 2.34% compared to 2.35% in August, when industry-wide changes were implemented following the NAR settlement.
Housing Market Stays Surprisingly Active As Election Looms and Mortgage Rates Hit 7%
Even with the impending presidential election and mortgage rates surpassing 7% for the first time since July, pending home sales posted their biggest increase in
The Number of Renter Households is Growing Three Times Faster Than Homeowner Households
The number of renter households grew 2.7% in the third quarter, the second biggest year-over-year gain since 2015. The number of homeowner households grew 0.9%.
38% of People Who Already Voted Say Housing Affordability Impacted Their Presidential Pick
Respondents to a new Redfin-commissioned survey were most likely to say their presidential pick was impacted by the economy, inflation or protecting democracy. 40% of
Mortgage Rates to Fall a Little After Weak Jobs Report, But All Eyes on Election
A much weaker-than-expected October jobs report will reverse a very small part of the recent climb in mortgage rates. But they will remain elevated relative
28% of Houses For Sale Are Newly Built, the Lowest Share in 3 Years
New-construction homes are making up a smaller portion of total inventory as builders back off and more homeowners list their houses for sale. Newly built
Real Estate Agent Commissions Hold Steady Since New Industry Rules Were Implemented
Buyer’s agent commissions for closed home sales in October were 2.34% compared to 2.35% in August, when industry-wide changes were implemented following the NAR settlement.
Housing Market Stays Surprisingly Active As Election Looms and Mortgage Rates Hit 7%
Even with the impending presidential election and mortgage rates surpassing 7% for the first time since July, pending home sales posted their biggest increase in
