{"id":34859,"date":"2015-07-06T12:08:44","date_gmt":"2015-07-06T19:08:44","guid":{"rendered":"https:\/\/redfindevelop.wpengine.com\/blog\/?p=34859"},"modified":"2020-10-06T17:08:30","modified_gmt":"2020-10-07T00:08:30","slug":"how-an-empty-atm-in-greece-could-lower-mortgage-rates","status":"publish","type":"post","link":"https:\/\/www.redfin.com\/news\/how-an-empty-atm-in-greece-could-lower-mortgage-rates\/","title":{"rendered":"How empty ATMs in Greece Could Lower Mortgage Rates"},"content":{"rendered":"<p><a href=\"http:\/\/www.wsj.com\/articles\/the-greeks-say-no-1436128437\" target=\"_blank\" rel=\"noopener noreferrer\">Greece <\/a>is running out of banknotes, China is throwing bundles of cash into its frenzied stock market, Puerto Rico needs money to pay bills and the price of oil is <a href=\"http:\/\/www.marketwatch.com\/story\/oil-tumbles-4-after-greek-voters-reject-creditors-reform-proposal-2015-07-06\" target=\"_blank\" rel=\"noopener noreferrer\">tumbling<\/a>.<br \/>\nWhen the global economy gets chaotic like this, the world\u2019s wealth managers \u2013 pension funds, governments, and other big investors \u2013 look for a safe place to ride things out. Typically, that means <a href=\"http:\/\/www.bloomberg.com\/news\/articles\/2015-07-06\/good-luck-finding-a-place-to-hide-as-global-markets-crumble\" target=\"_blank\" rel=\"noopener noreferrer\">parking their billions<\/a> in U.S. treasuries, the German bund, or other stable debt.<br \/>\nThat flow of investor cash can move <a href=\"http:\/\/www.freddiemac.com\/pmms\/\" target=\"_blank\" rel=\"noopener noreferrer\">mortgage rates<\/a>, sometimes as much or more than any Fed pronouncement. As the world\u2019s money flees to the relative safety of the U.S., there\u2019s more money to lend, which generally means it\u2019s cheaper for you and me to borrow. Investors essentially are saying that we\u2019re a relatively safe bet. (In contrast, the cost to borrow in Greece jumped nearly 50 percent over the weekend, according to Wells Fargo.)<br \/>\n\u201cRates on long-term loans like mortgages are shaped as much by financial events in Shanghai and Athens as by Fed policy in Washington,\u201d <a href=\"http:\/\/Redfin.com\" target=\"_blank\" rel=\"noopener noreferrer\">Redfin<\/a> Chief Economist Nela Richardson said. \u201cIn general, volatility abroad helps keep rates from spiking here.\u201d<br \/>\nSo far, we haven&#8217;t seen a surge in demand for U.S. treasuries, meaning investors have been taking recent events in stride. Today, the Chinese stock market stabilized and Greek and European politicians offered up assurances. That\u2019s good for the global economy. If investors do get spooked, though, we could see the 30-year, fixed-rate mortgage fall well below 4 percent this week, Richardson said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Greece is running out of banknotes, China is throwing bundles of cash into its frenzied stock market, and Puerto Rico needs money to pay bills. When the global economy gets chaotic like this, the world\u2019s wealth managers \u2013 pension funds, governments, and other big investors \u2013 look for a safe place to ride things out.<\/p>\n","protected":false},"author":13355,"featured_media":34861,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[8],"tags":[32,74,80],"coauthors":[],"class_list":["post-34859","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-housing-market-news","tag-housing-market-tracker","tag-mortgage-tips","tag-vacation-homes"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.7 (Yoast SEO v27.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>How empty ATMs in Greece Could Lower Mortgage Rates - Redfin Real Estate News<\/title>\n<meta name=\"description\" content=\"U.S. mortgage rates could fall as Greeks empty their bank accounts and the world&#039;s money looks for a place to hide.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.redfin.com\/news\/how-an-empty-atm-in-greece-could-lower-mortgage-rates\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How empty ATMs in Greece Could Lower Mortgage Rates\" \/>\n<meta property=\"og:description\" content=\"U.S. mortgage rates could fall as Greeks empty their bank accounts and the world&#039;s money looks for a place to hide.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.redfin.com\/news\/how-an-empty-atm-in-greece-could-lower-mortgage-rates\/\" \/>\n<meta property=\"og:site_name\" content=\"Redfin Real Estate News\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/redfin\" \/>\n<meta property=\"article:published_time\" content=\"2015-07-06T19:08:44+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-10-07T00:08:30+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2015\/07\/Old_greek_money_1-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"522\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Lorraine Woellert\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@redfin\" \/>\n<meta name=\"twitter:site\" content=\"@redfin\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Lorraine Woellert\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/how-an-empty-atm-in-greece-could-lower-mortgage-rates\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/how-an-empty-atm-in-greece-could-lower-mortgage-rates\\\/\"},\"author\":{\"name\":\"Lorraine Woellert\",\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/#\\\/schema\\\/person\\\/6395c928950a61ee52bf19341000cfd7\"},\"headline\":\"How empty ATMs in Greece Could Lower Mortgage Rates\",\"datePublished\":\"2015-07-06T19:08:44+00:00\",\"dateModified\":\"2020-10-07T00:08:30+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/how-an-empty-atm-in-greece-could-lower-mortgage-rates\\\/\"},\"wordCount\":269,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/how-an-empty-atm-in-greece-could-lower-mortgage-rates\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.redfin.com/news\\\/wp-content\\\/uploads\\\/2015\\\/07\\\/Old_greek_money_1-1.jpg\",\"keywords\":[\"Housing Market Tracker\",\"Mortgage Tips\",\"vacation homes\"],\"articleSection\":[\"Housing Market News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.redfin.com/news\\\/how-an-empty-atm-in-greece-could-lower-mortgage-rates\\\/#respond\"]}],\"copyrightYear\":\"2015\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/how-an-empty-atm-in-greece-could-lower-mortgage-rates\\\/\",\"url\":\"https:\\\/\\\/www.redfin.com/news\\\/how-an-empty-atm-in-greece-could-lower-mortgage-rates\\\/\",\"name\":\"How empty ATMs in Greece Could Lower Mortgage Rates - Redfin Real Estate News\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/how-an-empty-atm-in-greece-could-lower-mortgage-rates\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/how-an-empty-atm-in-greece-could-lower-mortgage-rates\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.redfin.com/news\\\/wp-content\\\/uploads\\\/2015\\\/07\\\/Old_greek_money_1-1.jpg\",\"datePublished\":\"2015-07-06T19:08:44+00:00\",\"dateModified\":\"2020-10-07T00:08:30+00:00\",\"description\":\"U.S. mortgage rates could fall as Greeks empty their bank accounts and the world's money looks for a place to hide.\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/how-an-empty-atm-in-greece-could-lower-mortgage-rates\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.redfin.com/news\\\/how-an-empty-atm-in-greece-could-lower-mortgage-rates\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/how-an-empty-atm-in-greece-could-lower-mortgage-rates\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.redfin.com/news\\\/wp-content\\\/uploads\\\/2015\\\/07\\\/Old_greek_money_1-1.jpg\",\"contentUrl\":\"https:\\\/\\\/www.redfin.com/news\\\/wp-content\\\/uploads\\\/2015\\\/07\\\/Old_greek_money_1-1.jpg\",\"width\":800,\"height\":522,\"caption\":\"Wikimedia Commons, Jon Eben Field, modified by Andrzej 22\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/how-an-empty-atm-in-greece-could-lower-mortgage-rates\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.redfin.com/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"How empty ATMs in Greece Could Lower Mortgage Rates\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/#website\",\"url\":\"https:\\\/\\\/www.redfin.com/news\\\/\",\"name\":\"Redfin Real Estate News\",\"description\":\"The latest real estate news and research from technology-powered residential real estate company, Redfin.\",\"publisher\":{\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.redfin.com/news\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/#organization\",\"name\":\"Redfin\",\"url\":\"https:\\\/\\\/www.redfin.com/news\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/www.redfin.com\\\/news\\\/wp-content\\\/uploads\\\/2020\\\/10\\\/Redfin-News-Logo.png\",\"contentUrl\":\"https:\\\/\\\/www.redfin.com\\\/news\\\/wp-content\\\/uploads\\\/2020\\\/10\\\/Redfin-News-Logo.png\",\"width\":1100,\"height\":235,\"caption\":\"Redfin\"},\"image\":{\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.facebook.com\\\/redfin\",\"https:\\\/\\\/x.com\\\/redfin\",\"https:\\\/\\\/www.instagram.com\\\/redfinrealestate\\\/\",\"https:\\\/\\\/www.linkedin.com\\\/company\\\/redfin\",\"https:\\\/\\\/www.pinterest.com\\\/redfin\\\/\",\"https:\\\/\\\/en.wikipedia.org\\\/wiki\\\/Redfin\"]},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/#\\\/schema\\\/person\\\/6395c928950a61ee52bf19341000cfd7\",\"name\":\"Lorraine Woellert\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/d7d2b21b96c9b1b64753ff750374787555bf610810bf67eecffc0bb36b383880?s=96&d=wp_user_avatar&r=g0a40e7ddd9625432269e77bfa976388e\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/d7d2b21b96c9b1b64753ff750374787555bf610810bf67eecffc0bb36b383880?s=96&d=wp_user_avatar&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/d7d2b21b96c9b1b64753ff750374787555bf610810bf67eecffc0bb36b383880?s=96&d=wp_user_avatar&r=g\",\"caption\":\"Lorraine Woellert\"},\"description\":\"Lorraine is enjoying her first real job after a career in journalism. She\u2019s based in Washington, D.C., where she writes about housing and the economy. Before joining Redfin, Lorraine was at Bloomberg News reporting on politics, financial mayhem, housing and the economy. Her dream home is a top-floor loft with a pool, friendly neighbors and a terrace for throwing parties. Everyone's invited. Redfin is a full-service real estate brokerage that uses modern technology to make clients smarter and faster. For more information about working with a Redfin real estate agent to buy or sell a home, visit our \\\"Why Redfin?,\\\" page.\",\"sameAs\":[\"https:\\\/\\\/www.redfin.com\\\/blog\"],\"url\":\"https:\\\/\\\/www.redfin.com/news\\\/author\\\/lorraine-woellertredfin-com\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"How empty ATMs in Greece Could Lower Mortgage Rates - Redfin Real Estate News","description":"U.S. mortgage rates could fall as Greeks empty their bank accounts and the world's money looks for a place to hide.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.redfin.com\/news\/how-an-empty-atm-in-greece-could-lower-mortgage-rates\/","og_locale":"en_US","og_type":"article","og_title":"How empty ATMs in Greece Could Lower Mortgage Rates","og_description":"U.S. mortgage rates could fall as Greeks empty their bank accounts and the world's money looks for a place to hide.","og_url":"https:\/\/www.redfin.com\/news\/how-an-empty-atm-in-greece-could-lower-mortgage-rates\/","og_site_name":"Redfin Real Estate News","article_publisher":"https:\/\/www.facebook.com\/redfin","article_published_time":"2015-07-06T19:08:44+00:00","article_modified_time":"2020-10-07T00:08:30+00:00","og_image":[{"width":800,"height":522,"url":"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2015\/07\/Old_greek_money_1-1.jpg","type":"image\/jpeg"}],"author":"Lorraine Woellert","twitter_card":"summary_large_image","twitter_creator":"@redfin","twitter_site":"@redfin","twitter_misc":{"Written by":"Lorraine Woellert","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.redfin.com\/news\/how-an-empty-atm-in-greece-could-lower-mortgage-rates\/#article","isPartOf":{"@id":"https:\/\/www.redfin.com\/news\/how-an-empty-atm-in-greece-could-lower-mortgage-rates\/"},"author":{"name":"Lorraine Woellert","@id":"https:\/\/www.redfin.com\/news\/#\/schema\/person\/6395c928950a61ee52bf19341000cfd7"},"headline":"How empty ATMs in Greece Could Lower Mortgage Rates","datePublished":"2015-07-06T19:08:44+00:00","dateModified":"2020-10-07T00:08:30+00:00","mainEntityOfPage":{"@id":"https:\/\/www.redfin.com\/news\/how-an-empty-atm-in-greece-could-lower-mortgage-rates\/"},"wordCount":269,"commentCount":0,"publisher":{"@id":"https:\/\/www.redfin.com\/news\/#organization"},"image":{"@id":"https:\/\/www.redfin.com\/news\/how-an-empty-atm-in-greece-could-lower-mortgage-rates\/#primaryimage"},"thumbnailUrl":"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2015\/07\/Old_greek_money_1-1.jpg","keywords":["Housing Market Tracker","Mortgage Tips","vacation homes"],"articleSection":["Housing Market News"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.redfin.com\/news\/how-an-empty-atm-in-greece-could-lower-mortgage-rates\/#respond"]}],"copyrightYear":"2015","copyrightHolder":{"@id":"https:\/\/www.redfin.com\/news\/#organization"}},{"@type":"WebPage","@id":"https:\/\/www.redfin.com\/news\/how-an-empty-atm-in-greece-could-lower-mortgage-rates\/","url":"https:\/\/www.redfin.com\/news\/how-an-empty-atm-in-greece-could-lower-mortgage-rates\/","name":"How empty ATMs in Greece Could Lower Mortgage Rates - Redfin Real Estate News","isPartOf":{"@id":"https:\/\/www.redfin.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.redfin.com\/news\/how-an-empty-atm-in-greece-could-lower-mortgage-rates\/#primaryimage"},"image":{"@id":"https:\/\/www.redfin.com\/news\/how-an-empty-atm-in-greece-could-lower-mortgage-rates\/#primaryimage"},"thumbnailUrl":"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2015\/07\/Old_greek_money_1-1.jpg","datePublished":"2015-07-06T19:08:44+00:00","dateModified":"2020-10-07T00:08:30+00:00","description":"U.S. mortgage rates could fall as Greeks empty their bank accounts and the world's money looks for a place to hide.","breadcrumb":{"@id":"https:\/\/www.redfin.com\/news\/how-an-empty-atm-in-greece-could-lower-mortgage-rates\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.redfin.com\/news\/how-an-empty-atm-in-greece-could-lower-mortgage-rates\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.redfin.com\/news\/how-an-empty-atm-in-greece-could-lower-mortgage-rates\/#primaryimage","url":"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2015\/07\/Old_greek_money_1-1.jpg","contentUrl":"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2015\/07\/Old_greek_money_1-1.jpg","width":800,"height":522,"caption":"Wikimedia Commons, Jon Eben Field, modified by Andrzej 22"},{"@type":"BreadcrumbList","@id":"https:\/\/www.redfin.com\/news\/how-an-empty-atm-in-greece-could-lower-mortgage-rates\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.redfin.com\/news\/"},{"@type":"ListItem","position":2,"name":"How empty ATMs in Greece Could Lower Mortgage Rates"}]},{"@type":"WebSite","@id":"https:\/\/www.redfin.com\/news\/#website","url":"https:\/\/www.redfin.com\/news\/","name":"Redfin Real Estate News","description":"The latest real estate news and research from technology-powered residential real estate company, Redfin.","publisher":{"@id":"https:\/\/www.redfin.com\/news\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.redfin.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.redfin.com\/news\/#organization","name":"Redfin","url":"https:\/\/www.redfin.com\/news\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.redfin.com\/news\/#\/schema\/logo\/image\/","url":"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2020\/10\/Redfin-News-Logo.png","contentUrl":"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2020\/10\/Redfin-News-Logo.png","width":1100,"height":235,"caption":"Redfin"},"image":{"@id":"https:\/\/www.redfin.com\/news\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/redfin","https:\/\/x.com\/redfin","https:\/\/www.instagram.com\/redfinrealestate\/","https:\/\/www.linkedin.com\/company\/redfin","https:\/\/www.pinterest.com\/redfin\/","https:\/\/en.wikipedia.org\/wiki\/Redfin"]},{"@type":"Person","@id":"https:\/\/www.redfin.com\/news\/#\/schema\/person\/6395c928950a61ee52bf19341000cfd7","name":"Lorraine Woellert","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/d7d2b21b96c9b1b64753ff750374787555bf610810bf67eecffc0bb36b383880?s=96&d=wp_user_avatar&r=g0a40e7ddd9625432269e77bfa976388e","url":"https:\/\/secure.gravatar.com\/avatar\/d7d2b21b96c9b1b64753ff750374787555bf610810bf67eecffc0bb36b383880?s=96&d=wp_user_avatar&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/d7d2b21b96c9b1b64753ff750374787555bf610810bf67eecffc0bb36b383880?s=96&d=wp_user_avatar&r=g","caption":"Lorraine Woellert"},"description":"Lorraine is enjoying her first real job after a career in journalism. She\u2019s based in Washington, D.C., where she writes about housing and the economy. Before joining Redfin, Lorraine was at Bloomberg News reporting on politics, financial mayhem, housing and the economy. Her dream home is a top-floor loft with a pool, friendly neighbors and a terrace for throwing parties. Everyone's invited. Redfin is a full-service real estate brokerage that uses modern technology to make clients smarter and faster. For more information about working with a Redfin real estate agent to buy or sell a home, visit our \"Why Redfin?,\" page.","sameAs":["https:\/\/www.redfin.com\/blog"],"url":"https:\/\/www.redfin.com\/news\/author\/lorraine-woellertredfin-com\/"}]}},"_links":{"self":[{"href":"https:\/\/www.redfin.com\/news\/wp-json\/wp\/v2\/posts\/34859","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.redfin.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.redfin.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.redfin.com\/news\/wp-json\/wp\/v2\/users\/13355"}],"replies":[{"embeddable":true,"href":"https:\/\/www.redfin.com\/news\/wp-json\/wp\/v2\/comments?post=34859"}],"version-history":[{"count":0,"href":"https:\/\/www.redfin.com\/news\/wp-json\/wp\/v2\/posts\/34859\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.redfin.com\/news\/wp-json\/wp\/v2\/media\/34861"}],"wp:attachment":[{"href":"https:\/\/www.redfin.com\/news\/wp-json\/wp\/v2\/media?parent=34859"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.redfin.com\/news\/wp-json\/wp\/v2\/categories?post=34859"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.redfin.com\/news\/wp-json\/wp\/v2\/tags?post=34859"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/www.redfin.com\/news\/wp-json\/wp\/v2\/coauthors?post=34859"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}