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Real Estate News

Crowd of people with raised hands reaching toward a lit luxury home and pool at night.

Housing Market

Goodbye to Bidding Wars: Homebuyer Competition Declines for 7th Straight Month

According to a new Redfin report, bidding wars declined for the seventh straight month, with 44.6% of homes facing a bidding war, down from 63.5% a year earlier.

September 27, 2022

Real Estate News

Zillow Focuses on Agents with ShowingTime+

Zillow rolled out its newest technology: ShowingTime+. The software combines services from ShowingTime, dotloop, Bridge Interactive, and 3D Home tours and interactive floor plans.

September 26, 2022

Blue and yellow 'Apartment Available' sign hanging from a black bracket on a brick row house with blue shutters and greenery nearby.

Housing Market

Renters Spend 26% of Their Income on Housing Costs

According to reports by Redfin and Realtor.com, renters spend 26% of their income on housing costs. But while rents are rising, rent growth has slowed.

September 26, 2022

Housing Market

7th Month of Decline In Existing Home Sales

A news release from the National Association of REALTORS® shows a decline in existing home sales for the seventh straight month, along with annual increases in median home sale prices.

September 26, 2022

Map of the United States with gold stars marking major cities across the country, from Seattle to Miami.

Housing Market

Record Share of Homebuyers Are Relocating

According to a new Redfin report, a record high share of homebuyers are relocating from expensive areas to more affordable ones. Here’s what you need to know.

September 23, 2022

Close-up of a hand writing on a mortgage check form with a blue pen and cash in the background.

Housing Market

85% of Homeowners Are Locked into Low Mortgage Rates

A new Redfin report found that 85% of homeowners are locked into low mortgage rates. Here’s what it means for buyers and sellers.

September 23, 2022

Older man in a suit and glasses stands in front of a white government building, raising one arm as if framing something.

Housing Market

Fannie Mae Report Changes the Housing Market Forecast for 2023

With the Federal Reserve again raising the federal-funds rate and mortgage rates above 6%, the latest Fannie Mae report shows forecast changes for the 2022 and 2023 housing market.

September 22, 2022

Split image: left shows a spiral wooden staircase inside a glass-walled tower at sunset; right shows a tall glass skyscraper above a city and green park.

Real Estate News

For Sale: The Highest Residence in the World

SERHANT. just announced its most exclusive and expensive listing: The Penthouse at Central Park Tower, with a list price of $250,000,000.

September 22, 2022

Hand holding a fanned stack of $100 bills beside a miniature modern house model

Housing Market

One-Third of Home Sales in July Were All-Cash Purchases

According to a new Redfin report, 31.4% (nearly a third) of all U.S. home sales in July 2022 were all-cash purchases, up from 27.5% a year ago. Here’s what you need to know.

September 21, 2022

Real Estate News

Round Two of Compass Layoffs

For the second time this year, Compass is reducing its workforce. Here’s what we know about the September 20 Compass layoffs.

September 20, 2022

Road Runner stands on a cloudy cliff edge while a wild, wacky coyote labeled SELLERS chases after him.

Housing Market

Sellers Lose Their Advantage as Mortgage Rates Rise to 6.02%

According to a new Redfin report, sellers lost their upper hand in the U.S. housing market as mortgage rates reached 6.02%. Here’s what you need to know.

September 20, 2022

Housing Market

Demand for Luxury Real Estate Continues

According to the 2022 Mid-Year Luxury Trends Report by Christie’s International Real Estate, buyer demand for luxury real estate will remain strong for the rest of 2022 and well into 2023. Here are the highlights.

September 19, 2022