Mortgage rates fell to 6.64% on Tuesday as the U.S. imposed broad-based tariffs against Canada, Mexico and China. The new tariffs kicked off a trade war with the three countries, and stoked fears the U.S. economy could be heading for a recession. Mortgage rates dropped 10 basis points on Tuesday

Atlanta, Las Vegas, Houston and parts of Florida are seeing the highest share of deals falling through, with supply piling up in those areas. Los Angeles is among the metro areas with the biggest increase in cancelled sales, due largely to January’s devastating wildfires.  More home purchases are being canceled,

Some Redfin agents are advising prospective buyers to get serious now as mortgage rates decline and the housing market tilts in buyers’ favor.  The median U.S. home-sale price rose just 3.5% year over year during the four weeks ending February 23, the smallest increase since September. And mortgage rates have

The number of homes on the market in the Sunshine State rose 23% year over year to a record high in January amid a decrease in homebuying, an influx of newly built homes for sale, intensifying natural disasters, and surging insurance costs and HOA fees.  Florida ended January with 172,209

AuthorMargo Christophilis.  Date: February 26, 2025 4:54 pm Prefabricated homes, ranch homes, and barndominiums are among the cheapest homes to build. 3D printed homes are piquing interest. The post What are the Cheapest Homes to Build? appeared first on FastExpert.

Collette Canepa is a Redfin agent in Los Angeles. She joined Redfin in April 2024 after nearly two decades in the traditional real estate world and has quickly become a rising star on our southern California team. We caught up with Collette as she approaches her one-year anniversary at Redfin

That’s up from 15% a year ago. The typical U.S. homebuyer now puts down roughly $63,000, about $4,000 more than last year, because of a jump in home prices.  About 31% of buyers are purchasing homes using all cash, down from about 34% a year earlier.  15% of mortgaged homebuyers

Condo prices are up 5% year over year in inland Florida, but down a respective 5% and 3% on Florida’s Gulf Coast and Atlantic Coast. Inland Florida tends to have newer condos, which haven’t yet had to comply with new rules that have driven up HOA fees elsewhere in the

That’s down from a peak of 125 hours when rents hit a record high in 2022. New Hampshire’s minimum-wage workers have to toil longest to afford the median-priced apartment, while South Dakota’s workers fall on the other end of the spectrum. The average minimum-wage earner in the U.S. would have

The increase in purchasing power is modest, but along with a pileup of housing supply in some parts of the country, it marks an opportunity for buyers.  A homebuyer on a $3,000 monthly budget can afford a $446,000 home with a 6.9% mortgage rate, roughly the daily average on February

Coastal Florida and Southern California dominate the list of the nation’s most expensive homes for sale. Half of the nation’s 10 most expensive home listings are in coastal Florida, three are in Southern California, one is in New York City and one is in Lake Tahoe. All are asking more

The combined value of U.S. homes climbed to $49.7 trillion in 2024. The total value of homes owned by millennials grew to nearly $10 trillion, representing more than 20% of the U.S. market. Two upstate New York metros—Albany and Rochester—had the fastest growth in aggregate home value, while Florida metros

The median monthly housing payment remains near record highs, but slowing price growth, declining mortgage rates and a pileup of supply is giving homebuyers in certain parts of the country room to negotiate. The median U.S. home-sale price rose 3.7% year over year during the four weeks ending February 16,

AuthorAmanda Dodge.  Date: February 19, 2025 9:00 pm Many homeowners want to buy their next property before selling their current one. Moving from one house to another is easier if you already have a place to move to. It’s also easier to identify which items you want to take and

There were 3.7 months of for-sale supply on the market in January, the most in six years. An increase in supply and drop in homebuying demand has tilted the national market in favor of buyers, with listings starting to pile up in many areas across the country. Florida metros top

Andrea Mayhew is a Redfin Premier agent who serves buyers and sellers in Vancouver, WA. She joined Redfin in September 2024 from John L. Scott and has flourished under Redfin’s model, even bringing her husband and business partner, Jon Mayhew, on board to form The Mayhew Team. We caught up

Home prices grew 0.6% month over month in January, equal to the quickest pace since November 2023. On a year-over-year basis, home prices rose 5.4%—the slowest pace since August 2023. Ten of the 50 most populous U.S. metros recorded a drop in home prices month over month, led by Tampa

The percentage of U.S. home purchases made in cash fell to 32.6% in 2024, a three-year low, as the total number of all-cash purchases dropped to its lowest level in a decade. Florida homebuyers were most likely to pay cash. Just under one-third (32.6%) of U.S. home purchases were made

Housing supply rose to the highest level since 2020 in January, but housing demand fell to the lowest level since 2020 as mortgage rates hit an eight-month high. Sellers are making moves because they’re tired of waiting for mortgage rates to fall, but buyers are skittish amid economic uncertainty and

New listings are up 7.4% from a year earlier, while pending sales are down 6%. Sales are slow mostly because of high home prices and mortgage rates.  In Washington, D.C. and other places with a high concentration of government workers, Redfin agents report some buyers and sellers are changing plans