The Latest Breaking News from Redfin

With rising interest rates, there are growing concerns that the current housing market downturn may last through 2023, and a residential real estate brokerage is getting ahead of the curve by laying off 13% of its staff.

SEATTLE — The cooling housing market is driving yet another round of layoffs at a Seattle-based company.

A popular standard for budgeting rent is to follow the 30% rule, which is spending a maximum of 30% of a gross monthly income on rent. Not so this year, for most Americans.

Prices in these 25 cities rose 10% in a year, the highest increase since 2007. Four U.S. cities are among the top five with the fastest-rising prices.

In 2022, life began to feel somewhat “normal” again: Audiences are flocking to live shows, concerts and sporting events; airports bustle with travelers; kids are attending school. But one piece of your routine might still look quite different than the pre-pandemic era: Where you’re working.

The sharp rise in mortgage rates in 2022 has hampered housing affordability and led to fewer home sales. Aside from those obvious bits of fallout, the run-up in rates has also delivered a surprise: Many homeowners are choosing not to sell because they don’t want to give up the super-low…

The 30-year, fixed-rate mortgage averaged a 20-year peak of 6.92% in the week ended Oct. 13.

A Bay Area real estate agent claims in a new lawsuit that real estate giant Redfin fired her for reporting that a photographer for the company sexually harassed her.

People expecting a big housing crash might not see it happen so fast.

Soaring mortgage rates and elevated home prices have deterred buyers, forcing sellers to lower their expectations.

Homebuyers have lost six figures in buying power over the past year, thanks to soaring mortgage rates, according to new research.