News

Homebuyers haven’t had it easy lately. Prices were up nearly 8 percent in November compared to last year. Inventory declined, again. Add rising mortgage rates to the mix and the outlook starts to appear pretty grim. But, despite rising[...]

Luxury home prices rose 0.7 percent in the fourth quarter of 2016 compared to last year, to an average of $1.6 million. Redfin’s analysis tracks home sales in more than 1,000 cities across the country and defines a home as luxury if it is[...]

Mortgage rates were down this week, averaging 4.09 percent for a 30-year, fixed-rate loan, down from 4.12 percent last week. Last year at this time, the rate was 3.81 percent, according to Freddie Mac. What’s going on? Immediately after[...]

The median home sale price rose 4.7 percent to $267,600 in December, continuing a steady trend of growth that we expect to continue this year. Home sales were essentially flat compared to last December, increasing 0.5 percent, while[...]

Heading into 2017, Redfin data scientists and thought leaders put their heads together to predict what the housing market has in store for the new year, under a new president.  The Trump administration ushers in three major policies that[...]