Redfin Real Estate News

Pending home sales inched up this week, but they’re still near record lows. 

What to know about the U.S. housing market for the four weeks ending October 11: 

Home prices are losing momentum. The median U.S. home-sale price rose just 0.5% year over year, the slowest growth rate since March. The median asking price fell 0.3% year over ...

Takeaway: A higher-than-expected inflation report puts the odds of a rate hike in two weeks at 50/50. Rates will give back some of last week’s improvements.

Both overall and core inflation–which excludes food and energy prices–jumped in September more than expected. Overall inflation for September came in at 0.65% monthly (vs. 0.58% expected and 0.40% previ...

House hunters had more negotiating power in September than they’ve had since the housing market crashed after the 2008 financial crisis, with 63% more home sellers than buyers.  The number of buyers in the market dipped to the lowest level in records dating back to 2013, while the number of sellers rose to its highest level since 2020. 

Smiling is the most common way U.S. homeowners greet strangers and familiar faces in their neighborhood, followed closely by saying hello: 45% of homeowners smile when they see strangers, and 40% go with a verbal greeting.  For people homeowners recognize but don’t know, 51% smile, and 49% say hello.  Nearly half of bab...

In A Nutshell: Every CPI inflation print has the potential to send rates up or down, and this Wednesday’s is no exception. There’s still an open question as to how many more hikes there will be from the Fed.

Last Week’s Highlights

Rates fell slightly last week as numerous Fed speakers reiterated the same point—more hikes are coming, but not neces...