Today’s Inflation Report Should Bring Mortgage Rates Down Slightly, A Relief For Homebuyers
The April CPI report came in just a tad softer than expected, which means mortgage rates should come down slightly and leaves open the possibility that the Fed will cut interest rates this summer. April’s inflation report came in slightly...
Investor Home Purchases Rise for the First Time in Nearly Two Years
Investor purchases climbed 0.5% from a year earlier in the first quarter—the first uptick since mid-2022. California markets saw the largest increases, with investor purchases jumping more than 20% in San Jose and Oakland. Investors are c...
Redfin Welcomes April Agent Hires
It’s an exciting time at Redfin as we continue to grow our team of incredible agents and managers! Please help me give a warm welcome to the folks who joined us in April. Some of this talented crew are brand new to Redfin, bringing valuable...
Demand For Vacation-Home Mortgages Fell 40% in 2023 As Housing Costs Rose to Record High
Demand for second-home mortgages fell twice as fast as mortgage demand for primary homes, as housing costs rose to new heights. An early look at this year’s data shows that demand for vacation homes hasn’t picked up in 2024; inter...
Housing Market Update: Record-High Monthly Payments Chill Spring Selling Season–But Declining Rates Could Boost Activity
High home prices and rates sent home sellers and buyers to the sidelines in April and the start of May. But last week’s encouraging economic news drove mortgage rates down a bit, which could bring back prospective sellers and house hunters....
Introducing the 2024 Redfin Top Producer Council
At Redfin, our agents are the stars of the show! Their talent, drive and commitment are what allow us to put our customers first and create the very best homebuying and selling experience. In order to fulfill our customer-driven mission, we k...
