News

Raising rates is necessary to fight inflation, but buyers may need to get creative to afford a home with high monthly mortgage payments.  A homebuyer on a $3,000 monthly budget can afford a $479,750 home with today’s 6% mortgage[...]

Seattle’s housing market is slowing faster than any other housing market in the country amid rising mortgage rates, inflation, a slowing stock market and broad economic uncertainty. That’s according to a Redfin analysis that[...]

Sales of luxury U.S. homes fell 28.1% year over year during the three months ending Aug. 31, 2022, the biggest decline since at least 2012, when Redfin’s records begin. That eclipsed the 23.2% plunge that occurred when the onset of the[...]

Home prices increased 1% in the last two weeks after 11 weeks of declines as mortgage rates soared past 6%. The Federal Reserve’s aggressive interest rate hikes have successfully cooled off homebuying demand by dramatically reducing[...]

Seasonally-adjusted new listings of homes for sale fell 8% from July to August to their lowest level since May 2020, when the housing market was paralyzed by the onset of the COVID-19 pandemic. Prior to the pandemic, we hadn’t seen so few[...]