Investors purchased $43B worth of homes in Q2, up 14% from a year earlier—also the biggest gain in two years. Real estate investors are returning to take advantage of robust demand from renters who've been priced out of homeownership. #realestate redfin.com/news/investor-…

Nearly one in 10 U.S. homes are worth $1 million or more, the highest share of all time—and more than double the 4% share before the pandemic. Prices are at a record high because of the ongoing supply shortage, despite slow buyer demand. #realestate redfin.com/news/million-d…

So much for hot home summer 😮‍💨 Sales decreased year over year and purchase cancellations ticked up, all while prices neared their record high. The silver lining for buyers: More listings with fewer selling above asking price. #realestate redfin.com/news/existing-…

Real estate investors bought 1 in 6 U.S. homes that sold in Q2 🏘️ Investor market share has inched up because they’ve come off the sidelines faster than individual buyers, who are more impacted by elevated mortgage rates 👉 bit.ly/3AxruIt #realestate

For the first time since 2020, the median monthly mortgage payment decreased year over year 📉 Now, signals of early-stage homebuying demand, including home tours, are gaining momentum as mortgage rates stabilize at a 15-month low. #housing redfin.com/news/housing-m…

Mortgage rates are edging down today with the daily average 30-year fixed rate dipping to 6.46%. Interest rate cuts will likely start on September 18, but the size and pace will depend largely on the upcoming jobs report. #mortgagerates redfin.com/news/mortgage-…

The median U.S. monthly mortgage payment hit $2,587, its lowest level since February and down 0.1% from a year earlier. That’s a tiny drop, but it marks the first time in four years monthly payments have posted any decline at all 👉 bit.ly/3XhnKDN #realestate

The new real estate commission rules were designed to benefit you, and the policies we developed in response to these rules should benefit you even more. redfin.com/blog/real-esta…

Condo HOA dues are up more than 15% from a year ago in Tampa, Orlando, and Fort Lauderdale. Florida is seeing HOA fees jump due to skyrocketing insurance costs and new safety requirements in the wake of the Surfside condo collapse. #Florida redfin.com/news/hoa-fees-…

There are now eight trillion-dollar metros, up from four a year ago, as home values climb amid relatively low supply. Anaheim, Washington, DC, Chicago, and Phoenix are new to the list while San Diego and Seattle close in on $1T 👉 bit.ly/3ADwF9J #housingmarket

Pending home sales are down 7%, the biggest annual decline in nearly a year. Sales aren’t yet improving because many would-be homebuyers are waiting for clarity about the NAR settlement and whether mortgage rates will fall more. #housing redfin.com/news/housing-m…

Pending starter home sales grew 10% in July year over year, while other price brackets fell 🏠 Starter homebuyers are moving off the sidelines as mortgage rates fall and inventory rises. #housingmarket redfin.com/news/starter-h…

The share of home price drops is on the rise again 📈 Price drops are becoming more common as homes linger on the market and many buyers remain sensitive to prices, despite the recent drop in mortgage rates 👉 bit.ly/3Z2X2Qn #realestate

Nationwide, 86% of homeowners with mortgages have rates below 6%, down from 91% in 2023 and a record 93% in 2022. The share of homeowners with a rate below 6% dipped as more opted to move and take on a higher rate. #mortgagerates redfin.com/news/mortgage-…

Buyers need to earn roughly $80K to afford the median-priced starter home, up 4.4% from last summer. That said, there are a few bright spots: Starter home listings are up, and mortgage rates are coming down. #housing redfin.com/news/starter-h…

Investors—and some homebuyers—are paying in cash to avoid today's elevated mortgage rates 👉 bit.ly/3MxURgd #realestate The share of all-cash purchases in June was highest in: 1. West Palm Beach, FL | 50% 2. Riverside, CA | 40% 3. Detroit, MI | 39%

Declining mortgage rates have pushed the median U.S. housing payment down roughly $300 below April’s record high. Even so, home sales have yet to improve as some buyers wait for rates to drop further. #housing redfin.com/news/housing-m…

The size of the Fed’s first rate cut on September 18 is a toss up following today's glass half-full/half-empty jobs report. Mortgage rates will stay fairly steady until markets receive clearer signals from the Fed on their intended path. #jobsreport redfin.com/news/jobs-repo…