Low mortgage rates prop up homebuyer demand as inventory declines U.S. home-sale prices increased 5.4% year over year in October to a median of $313,200 across the 217 metros Redfin tracks. The increase was the largest since July 2018, although current strength may be overstated given the weakening housing market a year ago. Prices also

Even in a housing market where bidding wars are on the decline, three strategies significantly increase a competitive offer’s likelihood of success. When it comes to a bidding war, prospective homebuyers who offer all cash more than triple their odds of winning. That’s the most successful bidding-war strategy tracked by Redfin, and its success rate

Believe it or not, the holiday season can be a great time to sell your home. You may think that spring is the ultimate season to sell your home due to more houses being listed and more people seem eager to buy. It’s true that the housing market typically heats up during the spring, however,

Amid global tension, trade wars and general economic uncertainty, many people are wondering if and when a recession will hit, and how it could affect the U.S. housing market. Redfin agent Jessie Culbert Boucher sat down with Redfin chief economist Daryl Fairweather to ask questions about what’s going on in the U.S. economy, if there’s

Surges in both sales and building permits signal the beginning of a moderate recovery for the new-home market. New-home sale prices dropped 1.5 percent year over year to a median of $370,300 in the third quarter. That marks the biggest decline since at least 2012 and the third consecutive quarter of declines.  Meanwhile, new-home sales

Seattle rates among those to fall below national level, even as competition in the Bay Area sees unseasonable uptick. Despite a smaller than anticipated impact from recent tech IPOs. Nationally, just 10 percent of offers written by Redfin agents on behalf of their homebuying customers faced a bidding war in October, down from 39 percent

Racial diversity in neighborhoods with train stations remained high even decades after rail transit came to Atlanta and Los Angeles. Improving transit access to a neighborhood does not lead to a significant decrease in minority populations, even as incomes and rents rise faster than similar neighborhoods without convenient transit. When a new rail transit stop

Your home should be a safe and healthy refuge for the entire family. While you may be diligent about minimizing your exposure to household chemicals, there may be other toxins causing health threats throughout your home. To protect yourself and your loved ones, beware of the following home health hazards: 1. Radon What is radon?

Sales of homes priced at or above $1.5 million increased 3.2% annually, a sign that the high-end market is moderating after recession fears marred the first two quarters.  The average sale price for luxury homes nationwide rose 0.3 percent year over year to $1.6 million in the third quarter of 2019. Though that’s essentially flat,

Last September, when Redfin hosted Professor Elizabeth Korver-Glenn at a symposium on race and real estate, we asked her what was the most important change our industry could make to give people of color equal access to housing. Without a moment’s hesitation, she said, “Eliminate pocket listings.”   When a real estate agent pockets a listing,