The Latest Breaking News from Redfin

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

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

EDITORS/NEWS DIRECTORS:

The Southern California housing market is finally slowing down after a two-year pandemic boom fueled in large part by record low borrowing costs.

Rising mortgage rates have combined with already high home prices to discourage would-be buyers

The demand for real estate has taken a hit amid rising interest rates and a faster-than-expected rise in mortgage rates. Higher home prices and the lack of listings have also affected the industry. Given this backdrop, fundamentally weak real estate stocks Redfin Corp. (RDFN), WeWork (WE), Alset EHome International (AEI),…

This is a sign of how fast the housing market adjusted to the surge in mortgage rates that started in March.

Homebuyers are backing out of property purchase deals at a level not seen since the beginning of the COVID-19 pandemic, according to data from Redfin (NASDAQ: RDFN).

This week in the housing world, mortgage rates declined for the second consecutive week as home price growth slowed, the level of mortgage delinquencies remained low and the Roe v. Wade controversy permeated the homebuying process.