10 Beautiful Homes for Sale Under $500K Right Now

From the West Coast to the East Coast and down to the South, we’ve scoured the real estate market for beautiful homes for sale under $500K. Across the country, we’ve found an array of unique homes whether you like craftsman… Continue Reading →

Late-July Home Sale Prices Up 11%, Largest Annual Increase Since 2014

Key takeaways for the 4-week period ending July 26: Pending home sales were up 12% year over year, an increase from the 7% year over year gains we reported for the period ending July 12. 30-year mortgage rates have hovered… Continue Reading →

Condo Prices Down 1.4% in June, Sales Down 31%, But Demand Is Ticking Up

Homebuyer demand for condos dropped with the coronavirus pandemic, but buyers are starting to return—particularly those searching for affordable homes. Demand for single-family homes has recovered more quickly. Condo sale prices nationwide dropped 1.4% year over year to a median… Continue Reading →

Survey: Almost Half of Recent Homebuyers Made an Offer Sight-Unseen, the Highest Share on Record

45% of surveyed homebuyers said they made a bid on a home without first seeing it in person, up from 28% in 2019. Redfin agents cite health concerns around the pandemic and competition fueled by a worsening housing shortage as… Continue Reading →

How Much Does a Home Inspection Cost?

You may be surprised to know that home inspection costs can vary widely from state-to-state. What it costs for a house in New York, NY to be inspected most likely will be different than a home in Portland, OR. Quite… Continue Reading →

Above, Below, or At List Price? How Much to Offer on a House

So, you’ve spent weeks house hunting and you’ve finally found the perfect home for you and your family. But how much should your initial offer be? Should your offer start above, below, or at list price? Figuring out how much… Continue Reading →

20% of Winning Home Offers Waived the Inspection Contingency in June, Up From 13% Last Year

More buyers are making concessions to win bidding wars amid a deepening housing shortage, record-low interest rates. In June, 19.9% of successful offers submitted by Redfin agents in select major U.S. markets waived the inspection contingency, compared with just 13.2%… Continue Reading →

Homeownership Hits Highest Level Since 2008 Driven by Younger, First-Time Buyers

Homeownership rates surged to 67.9% in the second quarter, the highest rate since 2008. The 3.8 percentage point increase from 64.1% a year earlier is the largest annual increase in homeownership rates on record. A word of caution about the… Continue Reading →

Home Sellers’ Asking Prices up 13% from Last Year as Demand Keeps Soaring

Key takeaways for the 4-week period ending July 12: Final prices for homes that sold during the period (meaning they likely went under contract in May and June) were up 6% year over year; for homes actively listed during the… Continue Reading →

8 Backyard Privacy Ideas to Create the Perfect Outdoor Escape

From soaking in the sun during the summer to cozying up by a fire pit in the fall, outdoor living spaces are oftentimes the favorite part of any home. But, unless you live on a large lot of land, chances… Continue Reading →

More than 27% of Homebuyers Are Searching Out of Town, with Phoenix, Sacramento and Las Vegas the Most Popular Destinations

The coronavirus pandemic is causing homebuyers to rethink what they want in a home, with more people relocating to places where they can afford more outdoor space and room for home offices, according to Redfin agents. A record 27.4% of… Continue Reading →

How To Choose Your Ideal Real Estate Agent

Congratulations, you’re in the market to buy a house. Or perhaps you are ready to sell. It’s time to choose a real estate agent to guide you through what can be a challenging – and sometimes stressful – process. So,… Continue Reading →

U.S. Median Home Sale Price up 3% to a New High in June

Buyers, powered by record-low mortgage rates and untethered by the pandemic, continue to outnumber sellers, resulting in intense competition and rising prices. The national median home price rose 2.8% year over year to an all-time high of $311,300 in June,… Continue Reading →

10 Tips on How to Prepare Your House for a Hurricane

On top of the Coronavirus pandemic, it’s also hurricane season once again for many in the south and eastern part of the U.S., especially if you live in Miami, Fort Lauderdale, or West Palm Beach, FL. Though hurricanes have been… Continue Reading →

6 Modern Mansions That Will Make Your Jaw Drop

If you’re in the market for a modern mansion or you’re just looking for inspiration, you’re in the right place. From the outside, modern homes often have a structured boxy look with large windows. Oftentimes, architects will use materials like… Continue Reading →

Diversity at Redfin in 2020

Every year, Redfin reports on our workforce diversity. This report reflects our company’s focus on racial, ethnic and gender diversity, but other forms of diversity are also important to Redfin’s success: age, political opinions, sexual orientation, military service, mental health,… Continue Reading →

Home Sales Exceed Pre-Pandemic Levels for the First Time as Mortgage Rates Hit Another Record Low

Key takeaways for the week ending July 5 Home sales were up 2% from pre-pandemic levels and are likely to continue rising; pending sales were up 10% during the same period. Weekly average mortgage rates fell to a new low… Continue Reading →

How to Take Advantage of a Seller’s Market

Any seasoned real estate agent or market observer will tell you that all real estate markets go through cycles. Your local market is no different. If you’re considering a home sale or purchase, you’ll want to identify your market’s cycle… Continue Reading →

The Pros and Cons of Buying a House with a Septic Tank

If you grew up within the city or town limits, you probably lived in a home serviced by the municipal sewage department and may be hesitant about buying a house with a septic tank. Did you know that one in… Continue Reading →

More Than Half of Redfin Offers Faced Bidding Wars for Second Consecutive Month in June

54% of Redfin offers faced competition as the supply of homes for sale and mortgage rates continued to fall in June. Single-family homes and townhouses were much more likely than condos to receive multiple bids. More than half of Redfin… Continue Reading →

Pending Home Sales Retreat Even as Mortgage Rates Dip to New Low

Key Takeaways Pending sales were down 8% from a year earlier during the week ending June 28, although the decline was only 3% after adjusting for seasonal effects. New listings are now down 8% from a year ago, a slight… Continue Reading →

House Hunting? 10 Potential Red Flags to Be Aware of

Touring and looking at homes can be one of the most exciting steps in the homebuying process. However, it can be easy to get carried away in the excitement and easily overlook details that could become an issue down the… Continue Reading →

Milwaukee, San Francisco and Detroit Top the List of Places Where Black Homebuyers Are More Likely to Be Denied a Home Loan

Nationwide, 1 in 6 Black mortgage applicants is turned away when applying for a mortgage, compared with 1 in 14 white applicants. The gap is even wider in the most segregated parts of the country. Banks most frequently cite debt… Continue Reading →

Pressing Pause on Facebook Ads

Inspired by the NAACP-led boycott Stop Hate for Profit, Redfin is limiting its advertising spending on Facebook in July. Facebook is a fixture in our society. It connects people with their friends and family, but it’s also how many folks… Continue Reading →

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