Luxury Home Prices Spike 9%, Inventory Grows

Redfin reports that luxury home prices grew nationally more than twice as fast as non-luxury homes in the second quarter of 2024 thanks to all-cash buyers. 

Typical Homebuyer’s Monthly Payment Drops

Redfin said monthly housing payments are falling as mortgage rates decline, but many house hunters remain on the sidelines.

Mortgage Rates Move Up To 2 Week Highs After Starting Out Flat

Mortgage rates technically moved up to the highest levels in 2 weeks today, but that sounds a bit more dramatic than it actually is.  Rates have largely held inside a narrow range close to the lowest levels in 6 months during that time.  Today's weakness in the bond market just happened to

Market Opportunities as Home Sales Eye Turnaround

NAR Chief Economist Lawrence Yun predicts more robust homebuying activity in 2025. Here’s what you can do to be ready.