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The Latest Breaking News from Redfin

Home prices are now lower than they were a year ago

High rates are turning buyers off.

Sean Keeler: Nuggets’ practice court is leaking? Then Jamal Murray should be sitting.

Redfin would lovingly describe the Nuggets’ practice court, tucked into a second-floor wing of Ball Arena, as “cute.” “Cute,” of course, is realtor code for “tiny.”

The Denver Post

The housing market correction has already caused homeowners to lose $2.3 trillion

The housing market correction has already caused homeowners to lose $2.3 trillion

A correction in home prices has erased $2.3 trillion in nationwide home values, but homeowners are still up roughly $13 trillion since February 2020.

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Bay Area homes selling below asking price for first time in 10 years

SAN JOSE, California -- Looking to buy a home in the Bay Area? The odds of scoring a deal could be tipping in your favor.

Tribune News Service

Investors are buying half as many homes

Not since the 2008 housing crisis have investors backed off buying homes like this, according to Redfin’s new report.

Can ChatGPT help sell homes? Here's how one real estate agent uses it

Real estate agents are always looking for ways to be more efficient and connect with home buyers and sellers. They try to figure out how best to use their resources and which tools to pull out of their tool belts.

The Philadelphia Inquirer

Zillow says the home price correction is winding down—here’s what 28 other forecast models have to say

Fortune once again tracked down the latest home price forecasts from 29 of the nation's leading real estate researchers.

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National home prices have further to fall, say 24 leading housing market researchers—while 5 firms think prices have bottomed

National home prices have further to fall, say 24 leading housing market researchers—while 5 firms think prices have bottomed

Fortune tracked down the latest home price forecasts from 29 of the nation's leading housing researchers.

The housing market wakes from the dead

The housing market wakes from the dead

It's a good sign for the economy overall.

Joshua Tree’s ‘Invisible House’ could be yours for $18m

Joshua Tree’s ‘Invisible House’ could be yours for $18m

A surreal desert structure that ‘flaunts its abundance’ has attracted celebrities and more: ‘Demi Lovato saw aliens there’

The Guardian - US

How much you need to make to afford a $1 million home

How much you need to make to afford a $1 million home

Depending on factors including your down payment and whether you're carrying existing debt, we estimate you'd need to earn $210,000 to $290,000 annually to afford a $1 million house.

Stitch Fix, Zillow, and Redfin Were Always Doomed to Fail

Stitch Fix, Zillow, and Redfin Were Always Doomed to Fail

Stitch Fix, like Zillow and RedFin in the real estate space, used charismatic leaders and the glow of everything digital to cover their broken business models.

Something big is happening in the U.S. housing market—here's where 27 leading research firms think it'll take home prices in 2023

Something big is happening in the U.S. housing market—here's where 27 leading research firms think it'll take home prices in 2023

Among the nation's 27 leading housing researchers, 23 expect U.S. home prices to fall further in 2023.

Here’s how much buyers are saving on monthly payments as mortgage rates decline

After months of record highs, mortgage rates are showing signs of easing, sending some relief to potential homebuyers’ budgets.

Tribune News Service

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Cities Where the Most Home Sellers Are Giving Up

Sellers aren't getting the price they want, or they're not getting offers at all. These are the cities where the most active listings were delisted.

The U.S. housing market heads into 2023 still in correction mode—these 2 charts show what's happening to home prices

The U.S. home price correction is sharper—and more widespread—than previously thought.

A 20% home price crash? These 7 forecast models can see it—where the other 13 leading models have the 2023 housing market going

Where 20 leading forecasters foresee home prices going in 2023.

How much money you need to earn to afford a $400,000 home

We break down what you need to earn to afford a $400,000 home in the United States. Salary, down payment, insurance, PMI, and taxes are all factors.

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Investors Exit Homebuying Market

Homebuying investors are concerned that houses they might acquire will fall in value as the economy weakens.

Tribune News Service

With 5,900 tech jobs already gone, a Seattle correction looks real

The string of layoff announcements by Amazon and other Seattle-area tech employers has many asking whether the tech industry is bound for a major correction and even more job cuts in coming months.

These 28 housing markets just slipped into a historically sharp home price correction.

These 28 housing markets just slipped into a historically sharp home price correction.

Tribune News Service

Amazon starts annual hunt for costs to cut, rounding out rough year

Amazon is starting a cost-cutting review, part of an annual process that this year will involve the same macroeconomic factors that have led the company to freeze hiring and cut several projects.

The Pandemic Housing Bust rocks bubbly markets like Phoenix

Some markets have gone straight from Pandemic Housing Boom to Pandemic Housing Bust.

Tribune News Service

Sacramento is No. 1 for homebuyers looking to leave bigger cities, analysis finds

SACRAMENTO, Calif. — Sacramento is the top destination for people looking to move out of larger cities, according to a new Redfin analysis.

Redfin Lays Off 13% Of Staff, Suggesting The Housing Market Will Get Worse Into 2023

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.

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