The Latest Breaking News from Redfin

EDITORS/NEWS DIRECTORS:

The Southern California housing market is finally slowing down after a two-year pandemic boom fueled in large part by record low borrowing costs.

Rising mortgage rates have combined with already high home prices to discourage would-be buyers

The demand for real estate has taken a hit amid rising interest rates and a faster-than-expected rise in mortgage rates. Higher home prices and the lack of listings have also affected the industry. Given this backdrop, fundamentally weak real estate stocks Redfin Corp. (RDFN), WeWork (WE), Alset EHome International (AEI),…

Whether you're struggling to find an affordable home, or flush with cash and looking to flip, these cities show the highest return on investment for buying and renovating a fixer home.

This is a sign of how fast the housing market adjusted to the surge in mortgage rates that started in March.

Some 60,000 home-purchase agreements collapsed in June, equal to 14.9% of homes that went under contract.

Homebuyers are backing out of property purchase deals at a level not seen since the beginning of the COVID-19 pandemic, according to data from Redfin (NASDAQ: RDFN).

This week in the housing world, mortgage rates declined for the second consecutive week as home price growth slowed, the level of mortgage delinquencies remained low and the Roe v. Wade controversy permeated the homebuying process.

The U.S. housing market closed June with a decline in mortgage rates, a bump-up in pending home sales, a growing number of available properties for sale and an evaporating enthusiasm for vacation homes.

Tesla, JPMorgan, Netflix, Redfin and Coinbase are among companies that are cutting jobs. While layoffs are contained to the hottest parts of the economy, there's fear they could spread elsewhere.