News

Luxury home prices rose 1.4 percent in the third 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[...]

The Redfin Housing Demand Index, based on thousands of Redfin customers requesting home tours and writing offers, increased 13.3 percent from last month to a seasonally adjusted level of 105 in September. This is the highest level of[...]

Donald Trump mentioned “inner cities” 10 times in last night’s second presidential debate, using words like “disaster” and “devastating” to describe them. When neighborhoods decay, home prices decrease.  However, a[...]

Despite strong sales and shrinking inventory, home prices rose at the slowest pace of the year, up just 4.4 percent from last year. The average home sold for 93.8 percent of its list price, down from 94.4 percent last year, signaling that[...]

Mortgage rates inched down this week, averaging 3.48 percent for a 30-year, fixed-rate loan, dropping from 3.50 percent last week. Last year at this time, rates were 3.86 percent, according to Freddie Mac.  Yesterday, in a[...]