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The Latest Breaking News from Redfin

Seattle’s Redfin to cut workforce by at least 13%, end its house flipping initiative

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

Tribune News Service

Wow, Here's How Many Hours The Average American Must Work To Pay Rent

Benzinga

The Biggest Real Estate Bubbles in the World

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.

The Street

From analysis to the latest developments in health,
read the most diverse news in one place.

How low mortgage rates led to today’s ‘seller’s strike’

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…

Tribune News Service

Best places to live when you can work from anywhere

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.

Tribune News Service

Home Buyers Face Hard Choices as Mortgage Rates Hit 20-Year Highs

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

The Street

Bay Area real estate agent claims Redfin fired her for reporting sexual harassment

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.

Tribune News Service

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The housing market is stuck

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

Axios

House Prices Fall as Rate Hikes Push Buyers to Sidelines

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

The Street

As mortgage rates soared, here’s how much homebuyers lost in purchasing power

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

Tribune News Service

With interest rates surging, what does a starter home look like in Southern California?

For decades, the single-family home has been Southern California's ultimate lure — a chance to live a life of sun and sand from the comfort of your very own property.

Los Angeles Times

Soaring Mortgage Rates Hammer Home Buyers

Prospective buyers have lost hundreds of thousands of dollars in spending power, thanks to rising rates.

The Street

Luxury Home Market Suffers, as Sales Fall

'Rising interest rates, inflation, a tepid stock market and economic uncertainty' are keeping luxury buyers away, Redfin said

The Street

Analyst Remains Bearish On Real Estate iBuyers: 'Fundamentals Are Going To Turn Worse Before They Get Better'

The National Association of Home Builders/Wells Fargo Housing Market Index fell three points in September to 46, a bearish reflection of current U.S. homebuilder sentiment.

Benzinga

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news in one place.

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The Street

Mortgage Rates Double From a Year Ago; at Highest in 14 Years

Mortgage rates continue to increase while inflation remains the focus of the Federal Reserve.

Tribune News Service

How much will a house cost by 2030? Predictions and tips to start saving

Just 17 percent of Americans believe it’s a good time to buy a home, according to a recent survey from Fannie Mae. Between higher mortgage rates, still-high home prices and broader inflationary pressure, putting off buying a home might be the only option for some. What happens if you wait,…

The Independent UK

5 tips to make the search for a new apartment easier

Finding a new place to rent can be challenging, and skyrocketing rents have made it especially hard this year

The Independent UK

Rents are starting to come down, but the trend may not hold

Rents are starting to come down after spiking to record levels this past summer, but experts are uncertain if the slowdown will continue

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news in one place.

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The Street

Home Buyers Finally Get Some Good News

The share of homes for sale with price drops hit 21% in July, the highest since Redfin began tracking the data in 2012.

Benzinga

Dropping Home Sales Numbers May Mean The End Of Bidding Wars

The real estate market is churning again, and based on the latest home sales numbers from several sources, the end of private home bidding wars may be nearing its end.

The Street

Housing Slump Continues Apace: Starts Fall, Cancellations Rise

On the plus side, the withdrawal of prospective buyers gives those left in the market more negotiating leverage.

Axios

Why rents are soaring pretty much everywhere in the U.S.

A recession wouldn't bring much relief for renters.

The Street

High Rates and Prices are Pushing Home Buyers Out of These 10 Cities

It may not be unexpected, but the trend is unmistakable and growing.

Axios

Remote workers pushed up incomes and home prices in these cities

Pandemic migration has reshaped many regions of the country.

Los Angeles Times

California exodus continues, with LA, San Francisco leading the way: 'Why are we here?'

LOS ANGELES — After living in the Bay Area for nearly seven years, Hari Raghavan and his wife decided to leave for the East Coast late last year.

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