Author: News Bot

So, you’ve spent weeks house hunting and you’ve finally found the perfect home for you and your family. But how much should your initial offer be? Should your offer start above, below, or at list price? Figuring out how much

More buyers are making concessions to win bidding wars amid a deepening housing shortage, record-low interest rates. In June, 19.9% of successful offers submitted by Redfin agents in select major U.S. markets waived the inspection contingency, compared with just 13.2%

Homeownership rates surged to 67.9% in the second quarter, the highest rate since 2008. The 3.8 percentage point increase from 64.1% a year earlier is the largest annual increase in homeownership rates on record. A word of caution about the

Key takeaways for the 4-week period ending July 12: Final prices for homes that sold during the period (meaning they likely went under contract in May and June) were up 6% year over year; for homes actively listed during the

From soaking in the sun during the summer to cozying up by a fire pit in the fall, outdoor living spaces are oftentimes the favorite part of any home. But, unless you live on a large lot of land, chances

The coronavirus pandemic is causing homebuyers to rethink what they want in a home, with more people relocating to places where they can afford more outdoor space and room for home offices, according to Redfin agents. A record 27.4% of

Congratulations, you’re in the market to buy a house. Or perhaps you are ready to sell. It’s time to choose a real estate agent to guide you through what can be a challenging – and sometimes stressful – process. So,

Buyers, powered by record-low mortgage rates and untethered by the pandemic, continue to outnumber sellers, resulting in intense competition and rising prices. The national median home price rose 2.8% year over year to an all-time high of $311,300 in June,

Key takeaways for the week ending July 5 Home sales were up 2% from pre-pandemic levels and are likely to continue rising; pending sales were up 10% during the same period. Weekly average mortgage rates fell to a new low

On top of the Coronavirus pandemic, it’s also hurricane season once again for many in the south and eastern part of the U.S., especially if you live in Miami, Fort Lauderdale, or West Palm Beach, FL. Though hurricanes have been

If you’re in the market for a modern mansion or you’re just looking for inspiration, you’re in the right place. From the outside, modern homes often have a structured boxy look with large windows. Oftentimes, architects will use materials like

Every year, Redfin reports on our workforce diversity. This report reflects our company’s focus on racial, ethnic and gender diversity, but other forms of diversity are also important to Redfin’s success: age, political opinions, sexual orientation, military service, mental health,

Any seasoned real estate agent or market observer will tell you that all real estate markets go through cycles. Your local market is no different. If you’re considering a home sale or purchase, you’ll want to identify your market’s cycle