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Real Estate

Engineer-to-Engineer: Evolving a New Analytical Platform Using Hadoop

On October 5th, 2020, Gordon Brown gave a lecture to a group of Hadoop experts and enthusiasts from around the Bay Area, the Valley,...

Redfin Premier has Launched for Luxury Homebuyers.

Watch Our City News Service, Los Angeles: Redfin is now offering its Redfin Premier service to qualified homebuyers in more than two dozen markets...

Investors are Purchasing Approximately Half as Many Homes as They did in the Previous...

Investor purchases of U.S. homes plummeted a record 45.8% year over year in the fourth quarter of 2021, as the high cost of borrowing...

Share Of Homes Bought With Cash Ticks Down From November Peak

Just over 31% of home purchases in December were made with cash, a slight decrease from the eight-year high seen in November. At the...

Generation Z and Millennial Renters Have Lower Inflation Rates Than the Overall U.S. Population...

Watch Our City News Service, Los Angeles: Young adults who are taking on a new lease are getting some relief as rental price growth...

Buyers Step onto the Field, Luring Sellers from the Sidelines

Watch Our City News Service, Los Angeles: Homebuyer demand has continued to increase from its fall low point despite mortgage rates ticking up this...

Rents Rose 2% in January, the Smallest Increase in 20 Months.

Watch Our City News Service, Los Angeles: Rental prices across the U.S. are slowing, with 11 major metropolitan areas already seeing declines in January...
Sunrun Solar Panels Ventura

Sunrun Offers Free Solar Estimate to Ventura & LA County Homeowners

California - A leading provider of solar energy solutions, Sunrun, is offering free solar estimates to homeowners in Ventura & Los Angeles County County,...
Real Estate

7 Things to Know Before Building a Home

Author: Courtney Korb Published on: 2023-02-06 08:23:36 Click HERE to read the entire LAHomes story Are you dreaming of new construction homes in Los Angeles? Building a...

Austin Homebuyers Need 27% More Income Than a Year Ago Despite Drop in Prices

The typical Austin home costs six figures less than it did during the pandemic homebuying frenzy, but 6%-plus mortgage rates mean housing remains unaffordable...

$2,500 Monthly Budget Buys a $400,000 Home For First Time Since September As Rates...

Home sellers are starting to come off the sidelines to meet buyer demand as mortgage rates steadily decline, with new listings and pending sales...

San Francisco Homebuyers Are Paying $18,000 Less Per Year Than Those Who Bought When...

Prospective homebuyers are getting some relief as monthly housing payments fall from their peak due to declining mortgage rates and home prices. It’s one...

Redfin Launches Favorites Lists to Help Organize Your Home Search

If you have a mile-long list of favorite Redfin homes, we have good news for you! It just got a lot easier to keep...

Redfin Rise: A Year in Review

Happy new year and welcome to 2023! In August 2020, Redfin launched a philanthropic and community outreach program called Redfin Rise to help underserved...

Pending Home Sales Improve in January As More Buyers Return

Pending sales posted their smallest year-over-year decline in three months as mortgage rates ticked down. Early indicators of homebuyer demand, including tour requests and...

The Housing Market Has Started to Recover

The housing market has begun to recover after hitting a low point in the second week of November. We’re not out of the woods...

Pending Home Sales Rise for First Time in 14 Months

Pending sales increased 3% in December from the month before, the first monthly gain since October 2021. But sellers remained on the sidelines, with...

A Record 25% of Home Searchers Looked to Move to a New Metro at...

Economic uncertainty and 6%-plus mortgage rates caused fewer Americans to purchase homes in the fourth quarter. But those who did buy relocated at an...

Home Prices Rise Most in a Month as Mortgage-Rate Drop Attracts Buyers

An increase in home searches and tours at the end of 2022 is starting to translate into purchases as mortgage rates fall. Mortgage applications...
Real Estate

5 Los Angeles Scenic Views Near Cypress Park

Author: Courtney Korb Published on: 2023-01-16 11:44:14 Click HERE to read the entire LAHomes story Looking for the best view of LA? You might just find it...

Sales Slow to Kick Off New Year, But More Buyers Start Searching

The typical home is taking longer to sell than any period since April 2020 and pending sales are at a record low, but online...

Rent Growth Slowed for Seventh Straight Month in December

January 12, 2023 January 11, 2023 by Lily Katz Rents rose 5% from a year earlier, the smallest increase in nearly a year and...

Pending Sales Drop to Lowest Level Since at Least 2015

The homes that are selling are going for about the same price as a year earlier, with nationwide prices up just 0.5% year over...

A Record Share of Home Sellers Are Giving Concessions to Buyers

Buyers received concessions—such as money for repairs and mortgage-rate buydowns—in a record 42% of home sales in the fourth quarter, up from 31% a...

North Hills Los Angeles Neighborhood Guide [2023]

Author: Courtney Korb Published on: 2023-01-04 10:29:34 Click HERE to read the entire LAHomes story The North Hills neighborhood is one of the oldest communities in the...

Homes Linger on the Market as Buyers Take Their Time

The supply of homes for sale posted a record year-over-year increase this week as homes linger on the market. But some buyers are making...

5 Reasons Cypress Park Is Great for Cycling in Los Angeles

Author: Courtney Korb Published on: 2022-12-28 11:42:48 Click HERE to read the entire LAHomes story The Cypress Park community is one of the hottest real estate markets...

Luxury-Home Sales Sink 38%, the Biggest Decline on Record

December 28, 2022 December 22, 2022 by Lily Katz That outpaced the 31% decline in non luxury home sales—which was also a record drop—but...

Typical Monthly Payment Is Nearly $300 Less Than October Peak

Redfin agents report some buyers are resuming their search as home prices and rates fall from their peak, but the uptick in house hunting...

Home Sales Slumped 35% in November, Biggest Drop on Record

December 22, 2022 December 21, 2022 by Lily Katz A surge in mortgage rates in early November caused sales and prices to slow, but...

Share of Homes Bought With All Cash Hits Highest Level Since 2014

High mortgage rates are motivating affluent buyers to avoid loans and pay in cash. FHA loans are also making a comeback as a slowdown...

Outdated MLS Policy Hides Thousands of Homes For Sale

December 20, 2022 December 20, 2022 by Joe Rath This op-ed was originally published on Inman.com. In August, the REcolorado MLS board voted to allow...

Homebuyers Are Flocking to the Sun Belt, Attracted to Relatively Affordable Home Prices

The share of Redfin.com users moving away from their home metro is near its record high as 6%-plus mortgage rates and inflation cut into...
Real Estate

How to Organize a Garage: 10 Easy Storage Hacks

Author: Courtney Korb Published on: 2022-12-15 13:35:00 Click HERE to read the entire LAHomes story Is your garage a cluttered mess? If so, you're not alone. The...

Early-Stage Demand Up Notably From October Trough

Mortgage-purchase applications and Redfin’s Homebuyer Demand Index are both up by double digits since bottoming out earlier this fall, but demand is still much...

Just 3 in 100 Pandemic Homebuyers Would Fall Underwater With Next Year’s Projected 4%...

Recent homebuyers in certain places, like Sacramento and Phoenix, are at higher risk of falling underwater on their mortgage, while Florida homeowners are at...

U.S. Rents Post Smallest Annual Increase in 15 Months

December 13, 2022 December 13, 2022 by Lily Katz Rents are growing at half the pace they were in the summer and are expected...
Real Estate

6 Best Parks Near North Hills

Author: Courtney Korb Published on: 2022-12-12 12:00:34 Click HERE to read the entire LAHomes story The North Hills neighborhood is a popular San Fernando Valley community offering...

Supply Posts Record Increase As Homes Linger on the Market

Redfin’s Homebuyer Demand Index ticked up this week as steadily declining rates lured some buyers back in. But many would-be buyers are waiting for...
Real Estate

Is Valley Glen Good For Pet Owners? Nearby Vets & Pet Stores

Author: Courtney Korb Published on: 2022-12-08 07:12:22 Click HERE to read the entire LAHomes story Valley Glen is a very pet-friendly neighborhood in the San Fernando Valley....

4 Outdoor Activities You Can Do Every Day in Valley Glen

Author: Courtney Korb Published on: 2022-12-07 08:08:14 Click HERE to read the entire LAHomes story The unique Valley Glen neighborhood is located between Van Nuys and North...
Real Estate

6 Public Art Exhibits in Valley Glen

Author: Courtney Korb Published on: 2022-12-06 07:00:00 Click HERE to read the entire LAHomes story The Valley Glen neighborhood is well-known among Los Angeles locals as a...

A Post-Pandemic Sales Slump Will Push Home Prices Down For the First Time in...

We expect home sales to sink to their lowest level in more than a decade in 2023 as high mortgage rates keep housing costs...

Redfin Adds Zoning Data for More Than 70 Million Homes

Today, we added zoning and land use information to home description pages on Redfin.com. This information, which is provided by our partners at Zoneomics,...

Home Delistings Hit Record High in November as Market Slowed

Pandemic boomtowns including Sacramento, Austin and Phoenix saw the biggest jump in delistings as prohibitively high housing costs dampened buyer demand. A record 2% of...

Homebuying Demand Ticks Up as Rates Continue to Decline

Mortgage applications and Redfin’s demand index, a measure of tours and other homebuying services, are up as mortgage rates continue to come down. But...
Real Estate

Best Pool Builders in LA [2023]

Author: Courtney Korb Published on: 2022-12-01 12:09:42 Click HERE to read the entire LAHomes story A pool can help homeowners cool down from the summer heat and...

Homebuyers Are Looking to Relocate to Affordable Areas–Especially in Florida–Amid High Rates, Prices

The share of Redfin.com users looking to move to a different metro area is near its record high as high rates and prices up...

Home-Price Growth Is Cooling Fastest in Pandemic Boomtowns Like Austin and Boise

Places where home prices shot up due to out-of-towners moving in with big budgets are now seeing prices rapidly decline.  Home-price growth has slowed fastest...

Is Vally Glen a Good Place to Live?

Author: Courtney Korb Published on: 2022-11-23 11:49:22 Click HERE to read the entire LAHomes story The Greater Los Angeles neighborhood of Valley Glen is located in the...

Homebuying Demand Ticks Up Slightly After Last Week’s Record-Fast Rate Drop

Mortgage-purchase applications and Redfin’s Homebuyer Demand Index both increased as rates stayed around 6.6%, down sharply from 7% earlier this month, saving the typical...

Redfin Rise and Giving Tuesday

November 23, 2022 November 22, 2022 by Lily Katz Redfin believes in giving back to our communities, taking part in philanthropic causes, and providing...

Investor Home Purchases Slumped 30% in the Third Quarter

Investors are pumping the brakes—especially in pandemic boomtowns including Phoenix and Las Vegas—as economic uncertainty and the prospect of falling home prices raise the...

Pending Home Sales Fell 32% in October, Biggest Drop on Record

November 21, 2022 November 21, 2022 by Lily Katz The historic slowdown may ease in the coming months if inflation continues to cool. Pending home...

The Fastest Mortgage-Rate Drop in 40 Years Saves Homebuyers $100 Per Month

Mortgage rates dropped from over 7% to 6.6% this week on better-than-expected inflation news, bringing some hope to prospective buyers.  The largest weekly drop in...
Real Estate

8 Best Condominiums in Pasadena [2023]

Author: Courtney Korb Published on: 2022-11-16 09:20:43 Click HERE to read the entire LAHomes story For those looking to buy a home in the Los Angeles area,...

Rents Rose 7.8% in October—Slowest Growth in 14 Months

November 16, 2022 November 15, 2022 by Lily Katz Eleven major U.S. metros saw rents decline, with the largest drops in Milwaukee, Minneapolis and...

Homebuyers Need $107,000 Annually to Afford the Typical U.S. Home–Up 46% From a Year...

Homebuyers across the country need to earn substantially more money than they did a year ago to buy a home, due to high mortgage...

Annual Home Price Growth Slows to 3%

November 10, 2022 November 10, 2022 by Tim Ellis Inflation has begun to slow, which is already helping bring daily mortgage rates down. However,...

Pandemic Boomtowns Have the Highest Inflation Rates in the U.S.

The inflation rate in Phoenix, which attracted scores of out-of-town homebuyers during the pandemic, is more than double the inflation rate in the Bay...
Real Estate

5 Tips on Saltwater Pool Care

Author: Courtney Korb Published on: 2022-11-09 09:18:00 Click HERE to read the entire LAHomes story From fun parties to leisurely swimming in your backyard, having your own...

All-Hands Email on November Layoff

Our CEO, Glenn Kelman, sent this email to all Redfin employees at 5:45 a.m. PDT on November 9, 2022. For the public posting, we...

A Record 29% of Homes for Sale in Q3 Were New Construction

November 8, 2022 November 7, 2022 by Lily Katz New construction is taking up a growing piece of the housing inventory pie as scores...

How to Choose a Neighborhood

Author: Courtney Korb Published on: 2022-11-07 10:24:02 Click HERE to read the entire LAHomes story Valley Glen and Valley Village are two of the most popular neighborhoods...

Housing Affordability Is On Voters’ Minds As They Head to the Polls

High mortgage rates, persistently high home prices, inflation, considering crime and LGBTQ protections in deciding where to live: Those are some of the housing-related...

Demand Declines Ease, Rates Steady Around 7%

November 4, 2022 November 3, 2022 by Tim Ellis A few measures of homebuying demand ticked up in the last week of October, a...

9 Highlights of Living in Tujunga [2023]

Author: Courtney Korb Published on: 2022-11-03 08:13:16 Click HERE to read the entire LAHomes story On the northern side of the city of Los Angeles sits the...

Nevada and Arizona Lost Democrats But Gained Independents as Californians Moved In

Many Americans who were pushed out of pricey California moved to Nevada or Arizona in search of more affordable housing, perhaps registering as unaffiliated...

What is a Penthouse? 6 Features Associated With Penthouses

Author: Courtney Korb Published on: 2022-11-02 09:00:00 Click HERE to read the entire LAHomes story In the past, penthouse suites were only on the highest floor of...
Real Estate

Dog Parks & Pet Stores in Tujunga

Author: Courtney Korb Published on: 2022-11-01 11:44:13 Click HERE to read the entire LAHomes story Tujunga is one of the prettier communities in Los Angeles County. It's...

Homebuyers Are Looking to Move to Sacramento, Miami and Other Relatively Affordable Places

Surging mortgage rates and persistently high home prices are motivating many of the buyers who remain in the market to relocate to more affordable...

Americans Flocked to Red and Purple Counties in Key Senate-Race States During the Pandemic

Pandemic-fueled migration to red and purple counties in key states has made them somewhat less white. Increasing diversity could swing some of those purple...

Pending Home Sales Fall 34%, Most in 7+ Years

October 27, 2022 October 27, 2022 by Tim Ellis Fewer homes are pending sale than in any October since at least 2015. Six metro...

Advice for People Who Need to Move Now While Housing Costs Remain Near Record...

Many prospective buyers and sellers have retreated to the sidelines as mortgage rates near 7% and home prices remain high, sending sales and new...

58% of Homeowners Have Spent Money to Protect Against Climate Risk

October 25, 2022 October 24, 2022 by Lily Katz One-third of homeowners have spent $5,000 or more to make their homes more resilient to...
Real Estate

7 Pasadena Neighborhood Associations With Low Dues

Author: Courtney Korb Published on: 2022-10-20 13:33:30 Click HERE to read the entire LAHomes story There's no place in the Los Angeles area quite like Pasadena. Pasadena...

Sellers’ Time on Market Doubles From Spring

Home sales continue to decline and mortgage applications are at their lowest level in 25 years.  U.S. housing market activity is continuing to slow down...

Pending Home Sales Sink Over 50% in Hurricane-Hit Florida

October 20, 2022 October 19, 2022 by Lily Katz Cape Coral saw pending sales sink 58%—nearly double the national decline—while Naples and North Port...

Home Sales, Listings Plunge Over 20% in September

October 19, 2022 October 18, 2022 by Lily Katz Both buyers and sellers retreated in September as surging mortgage rates made moving more expensive. Still,...

Square Footage Is Now Worth More in the Suburbs Than Cities

As home prices fall fastest in cities and mortgage rates rise, the value of a square foot in the suburbs has caught up with...

Redfin Launches in Wilmington, North Carolina and Green Bay, Wisconsin

Consumers in Wilmington, North Carolina and Green Bay, Wisconsin can now work with Redfin agents to buy and sell homes! Redfin first opened its...

Economic Woes Exacerbate Slowdown as Rates Reach 20-Year High

Housing-market activity is plunging further this fall than it did over the summer as mortgage rates near 7% and the topsy-turvy economy deters would-be...
Real Estate

Top Benefits of Salt Water Pools

Author: Courtney Korb Published on: 2022-10-13 07:57:00 Click HERE to read the entire LAHomes story If you love swimming in the ocean but find the salt water...

Rents Are Growing Half as Fast as They Were Six Months Ago

October 13, 2022 October 12, 2022 by Lily Katz Rents rose 9% year over year in September—the first single-digit increase in a year and...
Real Estate

5 Pro Interior Decor Tips

Author: Courtney Korb Published on: 2022-10-12 13:00:00 Click HERE to read the entire LAHomes story One of the best aspects of a new construction home is that...
Real Estate

Gas Pool Heater Vs Heat Pump [2022]

Author: Courtney Korb Published on: 2022-10-11 10:02:00 Click HERE to read the entire LAHomes story Owners of heated pool homes have the luxury of swimming year-round in...

62% of Homebuyers, Sellers Hesitant to Move to Area With Climate Risk

62% of people who plan to buy or sell a home in the next year are reluctant to relocate to a place at risk...

Is a Pool Heater Worth It? 4 Questions to Help You Decide

Author: Courtney Korb Published on: 2022-10-06 12:18:00 Click HERE to read the entire LAHomes story Many know a pool can add value to your home, especially when you're...

Housing Market Update: Lurching Mortgage Rates Spook Homebuyers

Homebuyers have lost 29% of their purchasing power since rates bottomed out in early 2021. Home prices remain elevated due to low supply, but...

Redfin Adds Down Payment Assistance Information to Listing Pages

It’s not easy to save for a home these days, with pandemic-induced home price gains putting the pressure on buyers to come up with...

Homebuyers’ Down Payments Doubled During the Pandemic

The combination of skyrocketing home prices and intense competition prompted many buyers to up their down payments during the pandemic. But as the housing...

Granada Hills Pools, Parks & Trails: Best Outdoor Activities

Author: Courtney Korb Published on: 2022-10-05 12:28:00 Click HERE to read the entire LAHomes story The Granada Hills community is a beautiful suburban neighborhood at the north...
Real Estate

5 Flood Prevention Mistakes to Avoid

Author: Courtney Korb Published on: 2022-10-04 08:54:00 Click HERE to read the entire LAHomes story Flooding is a common household hazard that homeowners need to be prepared...

High Mortgage Rates Mean Smaller Homes For Many Buyers

Rising rates, combined with home prices that are still higher than they were a year ago, have cut more than 400 square feet out...

Typical Homebuyer’s Mortgage Payment Up 15% Since Mid-August

September 29, 2022 September 29, 2022 by Tim Ellis Sellers should adjust their price to stay competitive as mortgage rates approach 7%. The typical homebuyer’s...

Homebuyers Grapple With Most Volatile Mortgage Rates in 35 Years

A house hunter looking for a $500,000 home saw their potential total mortgage payment fall by $64,000 from July to August, and then jump...

Affordable Midwest and East Coast Markets Are Holding Up Best as the U.S. Housing...

Chicago, Albany and Milwaukee are among the housing markets holding up better than others as the U.S. faces high mortgage rates and an uncertain...

Two-Thirds of U.S. Homebuyers and Sellers Want to Live Somewhere With Legal Abortion, Up...

A recent Redfin survey found that most homebuyers and sellers would prefer living in a place where abortion is legal, up significantly from before...

Sun Belt Homebuyers Backing Out of Deals at Highest Rate in U.S.

Sun Belt cities including Phoenix, Tampa and Las Vegas attracted scores of house hunters during the pandemic, driving up home prices. Now their housing...

Bidding-War Rate Drops to Lowest Level Since April 2020

Just over 4 in 10 Redfin home offers faced competition in August, down significantly from a year earlier as 6% mortgage rates price buyers...

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