Summer Cooldown: New homes will offer a lifeline for some agents
Three leading economists share what's ahead for the summer, from the continued struggle with mortgage rates to a resurgence in bidding wars and the gift of new-home sales that keeps giving
by Marian McPherson Jul 5
May saw the lowest housing inventory in a decade: Report
The number of homes for sale in the United States fell 7.1% year over year to 1.4M on a seasonally adjusted basis, according to a new report from Redfin
by Ben Verde Jun 21
Pandemic boomtown homes sell for $80K less than a year ago
The median US home sale price fell 4.1% or $17,603 year over year to $408,031 between April 2022 and April 2023, according to a new report from Redfin
by Ben Verde May 22
Will spring be a bust? 4 decades of housing data tell a complex story
Past periods of high inflation and high rates — be it in 1979, 1980 or 1990 — have caused the housing market to stall. But they also didn't crush it forever, according to an Inman analysis
by Jim Dalrymple II Mar 28
The 1 metric you need to scrutinize, according to a real estate economist
Redfin Chief Economist Daryl Fairweather reveals to Intel the top data point signaling a coming rebound and shares why inflation and mortgage rates will continue to lead the market this spring
by Marian McPherson Feb 15
Redfin economist: 'We're going to have pain' while high inflation lasts
Daryl Fairweather also said during her Yahoo Finance appearance that 'demand is very weak' as both homebuyers and sellers take a breather from the housing market
by Jim Dalrymple II Nov 30
Prices and rates are sky high! But what if my client NEEDS to move?
Despite mortgage rates near 7% and generationally high inflation, thousands of people still need to move in the next year and need help in navigating homebuying in the pricy market
by Ben Verde Oct 27
Luxury home sales plunge to 10-year low, surpassing COVID levels
Luxury home sales in the US dove by 28.1% year over year during the 3 months ending Aug. 31, 2022 — eclipsing the 23.2% drop in luxury sales at the height of the pandemic, Redfin data shows
by Lillian Dickerson Sep 22
This is the 'fastest-slowing' housing market in the US, new data shows
The slowdown in housing has been 'fastest slowing' on the West Coast, where prices in some markets have already fallen by 2 percent since July, according to a new analysis by Redfin
by Daniel Houston Sep 21
Inman's ultimate guide to navigating the topsy-turvy fall housing market
Buyers and sellers face a new reality where bidding wars will be rare, days on market stretch out and markets go from boom to bust (and bust to boom). But don't fear — Inman has you covered
by Marian McPherson Sep 19
The average US home is now selling below its list price, Redfin says
The average list-to-sale ratio clocked in under 100% for the first time since March 2021 in August, according to new data released Thursday by Redfin
by Ben Verde Sep 2
What does 'housing recession' even mean? Economists don't really know
The phrase 'housing recession' has exploded in popularity, according to an analysis of search terms. But pinning down what it means and where it originated is surprisingly difficult
by Jim Dalrymple II Aug 29
rental image
Redfin said it expects rental growth to continue to slow, but markets with strong job growth and limited new housing construction will likely continue to experience large rent increases
by Ben Verde Aug 19
Buyer interest creeps upward as mortgage rates inch down
Redfin's Homebuyer Demand Index increased 15 points since June 15, reversing 10 straight weeks of decreasing demand that started in mid-April
by Ben Verde Jul 29
The typical home is lingering on the market a little longer than last year
US homes, on average, spent 19 days on the market during the 4 weeks ending July 17, a full day longer than the same period in 2021, according to data released Thursday by Redfin
by Ben Verde Jul 22