Redfin also said that more than 20% of homes on the market got a price cut in August, the highest share for an August in five years.
Although US home prices hit another record high, the silver lining is that the pace of increases has decelerated.
Home prices and rents are down significantly in Austin, a pandemic-era boomtown. But the slowdown is actually a sign of a healthy market.
Lower interest rates might seem like a boon for buyers, but builders are facing a host of problems preventing them from bringing more housing supply.
Boomers' net worths could be hit by falling stock and home prices. That's bad news for the entire economy, a portfolio manager says.
Mortgage rates are falling, but home prices are skyrocketing. Here are the top 9 cities where prices are rising the fastest, according to Redfin.
Housing supply could remain tight as most older homeowners aren't planning to downsize, a survey says.
See the latest housing market predictions for 2024 and explore upcoming trends, economic factors, and where experts see the real estate market heading.
New home sales climbed nearly 15% last month, according to the Mortgage Bankers Association, while applications for new home purchases also rose.
The job market is getting weaker, and the economy feels trapped in limbo. Americans hate it.
Kevin O'Leary of "Shark Tank" fame said he regrets waiting until 36 to get married, and wishes he could have been a younger parent.
An interior design whiz was excited to apply her skills to a place she owned. But buying and renovating a home was both challenging and expensive.
The trend of underbuilding in the US housing market could reverse as builders rush to meet a wave of demand from younger buyers in coming years.
Late summer is typically housing's "offseason," but the market may see unusually high activity this year amid lower mortgage rates, Zillow says.
Lower mortgage rates can provide a temporary boost to homebuyers, but they might overwhelm a supply-constrained housing market, says Skylar Olsen.
Home prices have soared 36% over the past five years, while the square footage of a median-sized US home has been on the decline.
Housing supply is finally on the upswing. 5 cities where new home listings are surging the most — and 5 where they're dropping: Redfin
New research in Switzerland adds to the international literature finding that upzoning boosts the supply and affordability of housing.
Elon Musk started to offload his physical possessions, including a multimillion-dollar real-estate portfolio. See some of the properties he's owned.
Even if the Fed cuts in September, history shows that recessions can still occur during easing cycles, BCA's Peter Berezin wrote.