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The Latest Breaking News from Redfin

Nine US cities where home owners are losing thousands on value of their property

The US housing market is witnessing an unprecedented decline in home prices, with cities like Oakland, San Francisco, Seattle, Los Angele and Salt Lake City experiencing significant drops

Daily Mirror

What to Do When Your Rent is Too High

If your rent is too high, options for consumers are limited, but there are some things you can do if you're facing a rent increase.

Kiplinger

Elon Musk says home prices will tumble 'next'—Redfin's CEO disagrees

Elon Musk thinks pain awaits the residential housing market, tweeting that "Commercial real estate is melting down fast. Home values next."

Fortune

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One of the weirdest housing markets ever—just look at these 12 maps

"The wild pandemic-era housing market made price growth trends more local than they had been since 2009," writes Redfin economist Taylor Marr.

Fortune

Five Things You Can Negotiate When Buying a Home

Here are five things buyers might not know they can negotiate when buying a home.

Kiplinger

Bing Chat will get boosted by plugins — here's which ones are on the way

Several plugins are on the way to Bing Chat, including Expedia, Insacar, Kayak, and Zillow. The AI-powered chatbot will greatly expand its capabilities by integrating with popular apps and services.

Windows Central

Home Prices Falling Rapidly in 5 Popular Housing Markets

New Redfin data on U.S. home prices shows that costs are finally retreating and buyers paying less than last year in coveted markets.

Kiplinger

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Demand for Vacation Homes Down 50% from Pre-Pandemic Levels

Between high mortgages and return-to-office plans, there's less interest in vacation homes, a new report says.

Kiplinger

The Western housing market recession hit so hard and fast that a Fortune 500 firm that was riding high at $34 per share has crashed to $1

"They [Opendoor] are taking huge losses, and as buying agents, we are all testing their pain threshold" says Chris Davis, a real estate agent in Phoenix.

Fortune

Millennial homeowners finally outnumber renters

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

Fortune

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

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

Homes & Gardens

Homebuyers are putting less money down

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

Axios

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

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Fortune

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.

Tribune News Service

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.

Fortune

The housing correction is toxic for Britney Spears

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

Axios

Home prices are now lower than they were a year ago

High rates are turning buyers off.

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The Denver Post

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.”

Fortune

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.

Tribune News Service

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.

Fortune

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.

The Philadelphia Inquirer

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.

Fortune

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.

Fortune

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.

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