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 →

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 →

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 →

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 →

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 →

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 →

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 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 →

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 →

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 →

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 →

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 →

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 →

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 →

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 →

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 →

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 →

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 →

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 →

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 →

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 →

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 →

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 →

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 →