Prices post sub-4% growth for third consecutive month Balance of supply and demand is shifting toward homebuyers’ favor in markets like San Francisco, Seattle, Denver, Dallas, and Portland, Oregon U.S. home-sale prices increased 3.3 percent in November compared to a year ago, to a median of $298,800. November marked the third straight month of annual home price gains under 4 … Read More
How to create the ultimate smart home ecosystem
The smart home used to be the stuff of science fiction. Moviegoers watched as Tony Stark controlled his mansion with nothing more than his voice, or wished they could have the type of technology that made Batman’s life so amazing. These days, you don’t have to be a billionaire business owner or an eccentric crime fighter to create the ultimate … Read More
Redfin Welcomes Aaron Noe as National Head of Renovations
Former American Homes 4 Rent Executive Will Help Grow RedfinNow Business We’re thrilled to announce Aaron Noe has joined the company as national head of renovations for RedfinNow . RedfinNow buys homes directly from homeowners giving them a way to sell their home quickly with more certainty and less stress. RedfinNow then makes necessary repairs and resells the homes. Prior … Read More
House Hunting at Work: The Most Popular Time to Search for Homes is 10 a.m. on Friday
The peak times for Redfin users to search home listings are from 9 a.m. to 5 p.m. on weekdays. Searching for a new home is like a job. Maybe that’s why people most often do it while they’re at work. The most popular time to search Redfin.com for homes for sale is Friday in the middle of the morning. According … Read More
An Up-Close Look at Housing Insecurity (and How to Help!)
Five years ago, Timothy C. Acena was living – and sleeping – in his wheelchair behind a busy fast-food restaurant. At night, he’d park himself on a fresh piece of cardboard near the restaurant’s dumpster and clip together a makeshift awning of eight umbrellas to protect him and the five backpacks full of his belongings from the elements. During the … Read More
The Popsicle Place Program in Seattle Helps Families in Need
It’s tough to afford housing in many cities across the U.S., but in Seattle, it’s a particularly competitive market . Living in an urban area with such a high cost of living can break a family when emergencies arise, but luckily for the people of Seattle, Mary’s Place has been relieving housing burdens since 1999. Initially established as a women’s … Read More
Redfin’s Scholarship Winner Examines Gen Z and Millennials Impact on the Real Estate Industry
The Redfin Scholarship is a way for Redfin to help students on their journey through higher education. The scholarship application period occurs twice yearly with awards given to a student in both the spring and fall. Here is the student essay that won the 2018 spring scholarship. Congrats Lauren LaCasse! Essay Prompt: How do you think Gen Z and Millennials are changing … Read More
A Typical Boston Homebuyer’s Monthly Housing Costs Jumped $225 Thanks to This Year’s Mortgage Rate Hikes
Similar increases are common in many other markets, leading buyers to ask: “Should I wait and see if prices fall or buy before mortgage rates go up even more?” If you’re currently searching for a home to buy, or thinking about buying sometime soon, mortgage interest rates are probably on your mind. The rate hikes and home price growth over … Read More
Housing Inventory Crunch Finally Subsides as Supply Posts First Annual Gain in Nearly Three Years
September Home Sales Slump, Prices Post Smallest Increase Since the Market Bottomed in 2012 U.S. home-sale prices increased just 2.1 percent in September compared to a year ago, to a median of $292,000 across the 171 metros Redfin tracks. This was the smallest increase in home prices we’ve seen since February 2012, when the median home price bottomed out at … Read More
Pay Off Your Mortgage Early: Easy Tricks Anyone Can Use
There are two ways to own your home. Either you can pay cash upfront or you can pay little by little, year after year. For most us, monthly mortgage payments are the most feasible option. While we continue to chip away paying off our homes, some of us may wonder how we can speed up the process. Whatever your reason … Read More