News

Rental Market Tracker: U.S. Asking Rents Flatten After Pandemic Rollercoaster Ride

Rents haven’t fluctuated much over the past year, rising 1% in January—a far cry from double-digit growth during the pandemic. Landlords don’t have much room to boost prices as they grapple with rising vacancies and the pandemic[...]
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Housing Market Update: More People Are Touring Homes, But That Hasn’t Yet Translated to More Sales

Redfin’s Homebuyer Demand Index, which measures requests for home tours and other services from Redfin agents, is ticking up as the spring home-selling season draws nearer. That hasn’t yet converted to a meaningful improvement in[...]
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Luxury Home Prices Hit All-Time High As Record Share of High-End Buyers Pay Cash

Luxury Home Prices Hit All-Time High As Record Share of High-End Buyers Pay Cash

Prices of luxury homes rose at twice the pace of non-luxury homes at the end of 2023,   partly because elevated mortgage rates are irrelevant to many affluent buyers. Low inventory is another factor driving prices up: Even though luxury[...]
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One-Third of Real Estate Agents Worked With Clients Who Relocated Due to Local Laws or Politics in 2023: Redfin Survey

One-Third of Real Estate Agents Worked With Clients Who Relocated Due to Local Laws or Politics in 2023: Redfin Survey

Local laws and politics have become increasingly important as the nation gets more politically divided, and homebuyers have more flexibility than they used to in choosing where to live. Roughly one-third (32%) of real estate agents[...]
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32% of Homes for Sale in the Fourth Quarter Were Newly Built—Just Shy of the Record High

32% of Homes for Sale in the Fourth Quarter Were Newly Built—Just Shy of the Record High

New construction has taken up a growing share of the for-sale housing pie because homebuilding has increased and the number of individual homeowners selling has decreased. Builders are offering sizable discounts to attract buyers and[...]
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