Why Shares of Redfin Are Rising Today

There is no obvious reason behind the move.

Want to know if US is in a recession? You’re asking the wrong question

The economy has shrunk two quarters in a row, which is one widely used definition. Both consumer and small business confidence have plummeted. The stock market is in bear territory. Inflation is...

Want to know if US is in a recession? You’re asking the wrong question

The economy has shrunk two quarters in a row, which is one widely used definition. Both consumer and small business confidence have plummeted. The stock market is in bear territory. Inflation is...

Want to know if US is in a recession? You’re asking the wrong question

The economy has shrunk two quarters in a row, which is one widely used definition. Both consumer and small business confidence have plummeted. The stock market is in bear territory. Inflation is...

5 reasons housing is so expensive right now

In the past year, the median home price has jumped more than 15 percent, according to data compiled from the St. Louis Federal Reserve. And renters are feeling similar pain: On average, rents in...

Home Sellers Cut Prices as Housing Market Cools

Home prices are up about 44% over the past two years, according to Redfin. Among the most miserable are sellers realizing they have listed their properties too late. For much of the country, real...

As recession fears grow, strong US hiring is likely slowing

WASHINGTON (AP) — The American job market has defied raging inflation, rising interest rates, growing recession fears. Month after month, U.S. employers just kept adding hundreds of thousands of...

Real estate expert weighs in on today's selling urgency amid recession fears

More and more Americans are looking to sell their homes given the state of the economy, which is technically in a recession right now. Former "Million Dollar Listing" star and real estate broker...

Initial Jobless Claims Hit 8 Month Highs, Continuing Claims Jump Ahead Of Payrolls Print

Initial Jobless Claims Hit 8 Month Highs, Continuing Claims Jump Ahead Of Payrolls Print Amid a growing wave of corporate layoff announcements, the number of Americans filing for...

Long-term mortgage rates under 5% for 1st time in 4 months

WASHINGTON (AP) — The average long-term U.S. mortgage rate fell below 5% for the first time in four months, days after the Federal Reserve jacked up its main borrowing rate in an aggressive effort...

Applications for US jobless claims up again last week

WASHINGTON (AP) — More Americans applied for jobless benefits last week as the number of unemployed continues to rise modestly, though the labor market remains one of the strongest parts of the...

Remote workers pushed up incomes and home prices in these cities

Note: Home price change measured from December 2019 to December 2021; Data: Redfin analysis of HMDA data; Chart: Skye Witley/AxiosThe remote work arbitrage ain't what it used to be. I'm talking...

Housing industry insider warns US is in a housing affordability 'crisis'

National Association of Home Builders CEO Jerry Howard warned on Wednesday that the United States is currently in a housing affordability "crisis" caused by a supply shortage. Speaking on "Varney...

Some housing markets 'slam the breaks' while the value of investments in other cities stays strong

A Black Knight analyst says popular West Coast real estate markets are slowing, while Redfin data reveals some under-appreciated locales stay strong.

Housing market downturn: These cities most at risk of if recession hits

Cities where home prices soared the highest during the pandemic housing rush are “most likely to see the effects of a housing downturn,” Redfin says. Riverside, California, is the No. 1 city most...

Seller beware: US homebuyers are backing out of deals at the highest rate since the start of the pandemic

Report: 60,000 home-purchase agreements in the U.S. fell through last month. Real estate has been highly sought-after for most of the last two years. But things seem to be shifting, according to a...

Housing market downturn: These cities most at risk of if recession hits

Cities where home prices soared the highest during the pandemic housing rush are “most likely to see the effects of a housing downturn,” Redfin says. Riverside, California, is the No. 1 city most...

Opendoor to Pay $62 Million to Settle Claims of Deceptive Marketing

Opendoor agrees to pay $62 million to the Federal Trade Commission. The company is accused of deceiving customers into offering their homes for less than they would have made on the open market....

Redfin: These housing markets are the most at risk of falling home prices

On Friday, Redfin released its "risk score" which identifies the housing markets most at risk of a "housing downturn."

Mortgage rates fall sharply after negative GDP report and Fed's latest hike

The average rate on the popular 30-year fixed mortgage fell to 5.22% on Thursday from 5.54% on Wednesday. The slide in mortgage rates came after a negative GDP report and the Fed's latest interest...

Mortgage rates fall sharply after negative GDP report and Fed's latest hike

The average rate on the popular 30-year fixed mortgage fell to 5.22% on Thursday from 5.54% on Wednesday. "This is an exceptionally fast drop!" wrote Matthew Graham of Mortgage News Daily. The...

Real estate markets most susceptible to housing downturn in a recession

Housing markets that surged in popularity during the coronavirus pandemic and saw rapid rises in home prices are most susceptible to a housing downturn if a recession occurs, according to a new...

Average US long-term mortgage rates retreat to 5.3%

WASHINGTON (AP) — Average long-term U.S. mortgage rates retreated this week just as the Federal Reserve announced another big rate hike in its bid to get four-decade high inflation under...

Fewer Americans applied for jobless benefits last week

WASHINGTON (AP) — Fewer Americans applied for jobless benefits last week, but the previous week's number was revised upward significantly, with claims breaching the 250,000 level in back-to-back...

US pending home sales tumble 20% as mortgage rates surge

Signed contracts to buy previously owned homes in the U.S. plunged more than expected in June as rising mortgage rates and higher home prices continued to push entry-level homebuyers out of the...

14 Signs That The US Economy Is Poised To Crash Really Hard During H2 2022

14 Signs That The US Economy Is Poised To Crash Really Hard During H2 2022 Authored by Michael Snyder via The Economic Collapse blog, It looks like we are going to get official...

US new home sales drop to lowest level in 2 years

Sales of new U.S. homes fell more than expected in June to the lowest level in two years as rising mortgage rates and the relentless increase in home values slowed activity by edging prospective...

As housing cools, some buyers get a second chance

After nearly three months and looking at 24 houses, Kevin Lowrie and Matthew Hambleton thought they had found their forever home. They discovered a quaint two-bedroom, 1½-bathroom house in...

The Big City Where the Fewest People Rent in Every State

For the first time in the nation’s history, median monthly rents in the United States crossed the $2,000 mark. According to a report from real estate listing site Redfin, the median rent on all...

Over 25% Of Home-Sellers Dropped Their Price In June In Most Metro Areas

Over 25% Of Home-Sellers Dropped Their Price In June In Most Metro Areas Authored by Mike Shedlock via MishTalk.com, Redfin reports price reductions by at least 25 percent of sellers...

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