Economic Jitters, High Costs Stifle Spring Home Sales
New listings are still rising, allowing some buyers to get deals. Pending U.S. home sales fell 3.4% year over year during the four weeks ending May 11 to their lowest level on record for this time of year aside from 2020. Would-be homebuyers ...
Meet our April Newfins!
With the spring homebuying season well under way, having a reliable, experienced agent by your side is more important than ever. That’s why we’re thrilled to welcome over 40 agents to the Redfin team this April—each one ready to guide c...
Fed Unlikely to Cut Rates for Foreseeable Future After Mild April Inflation Report
Mortgage rates will remain unchanged after April inflation data came in as expected. Elevated tariff rates will keep Fed rate cuts on pause for the foreseeable future. The BLS reported that core prices rose 0.24% from March to April and are u...
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, down 10% year over year and $400 below the record high. The median U.S. asking rent fell 1...
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 older homes (over 30 years old) than for newer homes (under five years old), but the gap is shrinking. The typical ho...
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 of in-office work, have made the prospect of owning a second home less appealing tha...
