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The Latest Breaking News from Redfin

Millennial homeowners finally outnumber renters

It's official: Millennials are no longer a generation of mostly renters.

Mark Gongloff: Come to Florida for the low taxes, stay for the climate disaster

Fort Myers, Florida, was America’s seventh-fastest-growing city, more than doubling in size during the three decades before Hurricane Ian crashed into it last September. The Category 4 storm laid waste to the area before slashing through the heart of the state. But the storm clouds had barely parted before house…

Tribune News Service

The DC townhouse where John and Jackie Kennedy lived as newlyweds is for sale for $2m

The DC townhouse where John and Jackie Kennedy lived as newlyweds is for sale for $2m

Their former rental features heavily in Camelot at Dawn, a photo book that documents 'America's last age of innocence'

Homes & Gardens

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Homebuyers are putting less money down

It's one side effect of cooling competition for homes.

In Southeast Baltimore, a nonprofit struggles to buy vacant homes from investors

Kari Snyder really didn’t want to spend $62,000 on this vacant rowhouse.

Tribune News Service

Homeowners who held onto a 3% mortgage rate are becoming ‘accidental landlords’

99% of borrowers have a mortgage rate lower than 6%, according to Goldman Sachs, and some are choosing to rent out their homes instead of selling.

Home values in South Florida jump 13%, despite the slowing market

FORT LAUDERDALE, Fla. — Homeowners across South Florida saw their homes values rise over the past year, despite the market taking a turn, new data shows.

Tribune News Service

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The housing correction is toxic for Britney Spears

The housing correction is toxic for Britney Spears

Spears’ “Gimme More” attitude didn’t work this time.

Home prices are now lower than they were a year ago

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.

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

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

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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.

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

It's a good sign for the economy overall.

The Guardian - US

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’

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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.

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.

Tribune News Service

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.

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.

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.

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