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The Latest Breaking News from Redfin

Redfin: San Francisco home sellers are 4 times as likely to sell at a loss

“Roughly one of every eight (12.3%) homes that sold in San Francisco during the three months ending July 31 was purchased for less than the seller bought it for.”

Fortune

Monthly Mortgage Payments Touch All-Time High

The nationwide median home-sale price has soared to $380,000, reflecting a 5% year-over-year increase.

Zenger

Welcome to the 'nepo' housing market: 40% of homebuyers under 30 get family money to cover their down payment

Redfin chief economist Daryl Fairweather: "It seems like the only way to kind of get your foot in the door to the housing market is to have some help"

Fortune

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Baby boomer housing wealth totals $18 trillion—more than triple the amount owned by millennials

Baby boomers continue to dominate the U.S. housing market.

Fortune

Chicagoans dream of relocating to this coastal city in Florida, according to Redfin

Located in southwest Florida, Cape Coral boasts an intricate network of canals that stretches 400 miles and lush golf courses.

Chicago Sun-Times

5 Best Beach Towns in the U.S. for Retirees

There are plenty of beach towns scattered across America's coasts, but these five are the best and most affordable for retirees to consider. Here are the stats you need to know.

Barchart

This millennial pastor and breadwinner got priced out of the housing market after a brain tumor forced him to sell. He can only get back in by splitting a mortgage with his in-laws

"I kid you not—there were zero affordable homes" says Stephen Drew.

Fortune

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Zillow, Redfin Link to Connect Homebuyers With Homebuilders

Real estate rivals aim to increase visibility of new-construction listings.

Kiplinger

Online fantasising about property – finally something I share with Gwyneth Paltrow

The Goop founder is offering two lucky winners the chance to stay for one night at her Montecito guesthouse – dinner with her included

The Guardian - UK

Are Investors Buying or Selling These Stocks This Month: Zillow Group (Z) and ContextLogic Inc. (WISH)

With new innovations unfolding daily, some internet stocks are well-positioned to soar, while others might struggle to stay afloat amid the macroeconomic headwinds. In this scenario, are investors buying or selling Zillow Group, Inc. (Z) and ContextLogic Inc. (WISH) this month? Let’s find out….

StockNews.com

This Surprise City Is the Most Popular Homebuyer Destination

Kiplinger

Moving to Florida? Arizona? Join the Crowd

Americans are moving to Florida, Arizona and disaster-prone counties across the country.

Kiplinger

ACLU-Backed Complaint Says Not Renting to People With Past Evictions Is Illegal Race, Sex Discrimination

HOPE Fair Housing Center argues in a new federal complaint that an Illinois landlord's blanket refusal to rent to people with eviction records amounts to illegal sex and race discrimination.

Reason

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

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The Guardian - US

‘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

Axios

America's housing shortage is keeping home prices high

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

Kiplinger

Here's Where Inflation is Rising the Most

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

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Daily Mirror

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

Kiplinger

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.

Fortune

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.

Kiplinger

Five Things You Can Negotiate When Buying a Home

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

Windows Central

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.

Kiplinger

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.

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