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The Latest Breaking News from Redfin

The 3 Best Low-Tax, Low-Cost States to Retire in the U.S.

Out of the thirteen states that don't tax retirees income, I have selected my three favorite.

Barchart

‘Soul-crushing’: converted Bay Area office apartment fail goes viral

Turning offices to residences is touted as a housing fix for a work-from-home era, but a $520,000 listing takes the brief too literally

The Guardian - US

Buying a home in the US is expensive – and that isn’t changing anytime soon

Even if there are fewer home buyers and prices have been falling slightly, they’re still much higher than pre-pandemic and for many, more unaffordable than ever

The Guardian - US

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America's housing shortage is keeping home prices high

The shortage has its roots in the financial crisis, and was exacerbated by the pandemic.

Axios

Here's Where Inflation is Rising the Most

These are the top 10 metro areas where inflation is increasing the most.

Kiplinger

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

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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

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

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

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Fortune

Millennial homeowners finally outnumber renters

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

Tribune News Service

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…

Homes & Gardens

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'

Axios

Homebuyers are putting less money down

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

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Tribune News Service

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.

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.

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.

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