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The Latest Breaking News from Redfin

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

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.

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.

Tribune News Service

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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.

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.

Tribune News Service

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These 28 housing markets just slipped into a historically sharp home price correction.

These 28 housing markets just slipped into a historically sharp home price correction.

These 28 housing markets just slipped into a historically sharp home price correction.

Amazon starts annual hunt for costs to cut, rounding out rough year

Amazon is starting a cost-cutting review, part of an annual process that this year will involve the same macroeconomic factors that have led the company to freeze hiring and cut several projects.

Tribune News Service

The Pandemic Housing Bust rocks bubbly markets like Phoenix

The Pandemic Housing Bust rocks bubbly markets like Phoenix

Some markets have gone straight from Pandemic Housing Boom to Pandemic Housing Bust.

Sacramento is No. 1 for homebuyers looking to leave bigger cities, analysis finds

SACRAMENTO, Calif. — Sacramento is the top destination for people looking to move out of larger cities, according to a new Redfin analysis.

Tribune News Service

Redfin Lays Off 13% Of Staff, Suggesting The Housing Market Will Get Worse Into 2023

Redfin Lays Off 13% Of Staff, Suggesting The Housing Market Will Get Worse Into 2023

With rising interest rates, there are growing concerns that the current housing market downturn may last through 2023, and a residential real estate brokerage is getting ahead of the curve by laying off 13% of its staff.

Seattle’s Redfin to cut workforce by at least 13%, end its house flipping initiative

SEATTLE — The cooling housing market is driving yet another round of layoffs at a Seattle-based company.

Tribune News Service

Wow, Here's How Many Hours The Average American Must Work To Pay Rent

Wow, Here's How Many Hours The Average American Must Work To Pay Rent

A popular standard for budgeting rent is to follow the 30% rule, which is spending a maximum of 30% of a gross monthly income on rent. Not so this year, for most Americans.

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Tribune News Service

Best places to live when you can work from anywhere

In 2022, life began to feel somewhat “normal” again: Audiences are flocking to live shows, concerts and sporting events; airports bustle with travelers; kids are attending school. But one piece of your routine might still look quite different than the pre-pandemic era: Where you’re working.

Tribune News Service

How low mortgage rates led to today’s ‘seller’s strike’

The sharp rise in mortgage rates in 2022 has hampered housing affordability and led to fewer home sales. Aside from those obvious bits of fallout, the run-up in rates has also delivered a surprise: Many homeowners are choosing not to sell because they don’t want to give up the super-low…

Tribune News Service

Bay Area real estate agent claims Redfin fired her for reporting sexual harassment

A Bay Area real estate agent claims in a new lawsuit that real estate giant Redfin fired her for reporting that a photographer for the company sexually harassed her.

The housing market is stuck

People expecting a big housing crash might not see it happen so fast.

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news in one place.

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Tribune News Service

As mortgage rates soared, here’s how much homebuyers lost in purchasing power

Homebuyers have lost six figures in buying power over the past year, thanks to soaring mortgage rates, according to new research.

Los Angeles Times

With interest rates surging, what does a starter home look like in Southern California?

For decades, the single-family home has been Southern California's ultimate lure — a chance to live a life of sun and sand from the comfort of your very own property.

Analyst Remains Bearish On Real Estate iBuyers: 'Fundamentals Are Going To Turn Worse Before They Get Better'

The National Association of Home Builders/Wells Fargo Housing Market Index fell three points in September to 46, a bearish reflection of current U.S. homebuilder sentiment.

Tribune News Service

How much will a house cost by 2030? Predictions and tips to start saving

Just 17 percent of Americans believe it’s a good time to buy a home, according to a recent survey from Fannie Mae. Between higher mortgage rates, still-high home prices and broader inflationary pressure, putting off buying a home might be the only option for some. What happens if you wait,…

The Independent UK

5 tips to make the search for a new apartment easier

Finding a new place to rent can be challenging, and skyrocketing rents have made it especially hard this year

The Independent UK

Rents are starting to come down, but the trend may not hold

Rents are starting to come down after spiking to record levels this past summer, but experts are uncertain if the slowdown will continue

Dropping Home Sales Numbers May Mean The End Of Bidding Wars

The real estate market is churning again, and based on the latest home sales numbers from several sources, the end of private home bidding wars may be nearing its end.

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