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The Latest Breaking News from Redfin

5 US Metros Where Buyers Could Buy a Luxury Home for Less Than $1 Million

If you're dreaming of luxury living on a sub-$1 million budget, a few metros still offer opportunities. Here are five cities where luxury is still within reach.

GOBankingRates

Why is the number of first-time US homebuyers at a generational low?

Young Americans are holding off on buying a home, with the average age in 2024 being a record high of 38

The Guardian - US

Condo prices are falling. Gen Z and millennials: This could be your shot to break into the housing market

Condo prices dropped 2% year over year, according to Redfin.

Fortune

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Housing red flag: Data show increase in cancellations of home purchase agreements versus a year ago

The latest sign of trouble in the U.S. housing market: A pickup in home purchase agreements falling through before they’re finalized

The Independent UK

Too Many Home Sellers, Fewer Buyers: Experts Predict Housing Prices To Fall In 2025 Without A Fed Put In Place

The U.S. housing market is tilting sharply in favor of buyers, with a record 33.7% more sellers than buyers, according to the latest data.

Benzinga

Minnesota's Housing Market: Boomers Moving, Guaranteed Cash Offers Booming

According to Redfin, Minnesota home prices were up 3.1% year-over-year in April, with a median price of $369,400. On the surface, that sounds like business as usual. But dig deeper, and you'll find the real story.

International Business Times

A hot trend in the housing market is Gen Z buying homes with siblings

BofA found that 22% of Gen Z homeowners bought their home with siblings, surging from 12% in 2024 and just 4% in 2023.

Fortune

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Buyers Take the Wheel: US Housing Market Flips as Inventory Surges and Prices Dip

The US housing market has flipped for the first time in over a decade, with buyers outnumbering sellers. Inventory surges, prices dip, and negotiating power shifts, discover what this means for the 2025 property landscape.

International Business Times UK

The tide is turning in the housing market as top metro areas see home prices fall ahead of a broader decline later this year

Home-sale prices in 11 of the 50 biggest U.S. metro areas are already falling, according to data from Redfin.

Fortune

Sellers outnumber prospective homebuyers as high prices and mortgage rates skew the housing market

Homeowners eager to sell may have to wait a while before a buyer comes along

The Independent UK

The rent might not be too damn high

After years of steep increases, renters might catch a break — if Trump's economy cooperates

Salon

Asking rents have fallen nearly 5% since 2022, but prices could start rebounding soon, Redfin says

Just 47% of newly built apartments were occupied three months after completion, tied for the lowest level on record.

Fortune

'Doubt and hesitation' are ripping through the housing market: 'People are starting their home search, then backing out'

With housing costs near a record high, home buyers are mostly staying on the sidelines.

Fortune

The rich flocked to Florida. Then property taxes and condo assessments caught them by surprise

Moving to Florida is "just not tax free."

Fortune

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Kiplinger

The Odd Couple: Renting Out a Room in Retirement

Whether you're more Golden Girls or Felix Unger, renting out a room in retirement might make financial sense. You might even have fun.

Fortune

Home listings in Washington, D.C., see biggest jump ever as sellers accept lower, all-cash offers amid DOGE layoffs

Some home sellers who are nervous about layoffs have turned down higher offers that are financed.

Fortune

A Trump-induced interest rate cut won’t actually lower mortgage rates

“The president putting this pressure on the Fed would not actually achieve his goal, if his goal is lower mortgage rates,” said Chen Zhao, Redfin economics head.

The Independent UK

Fewer Americans are moving to Florida and Texas, new report claims

Higher cost of living, economic uncertainty and increasing risk of natural disasters appear to be causes of concern

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news in one place.

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International Business Times UK

Tariffs Push US Mortgage Rates Down—But Homebuyers Still Face Crushing Affordability Crisis

US 30-year mortgage rates fell to 6.64% on 3rd April after Trump's tariffs announcement but housing pricing hover around record highs, out of reach of most Americans.

Kiplinger

What to Expect in the Rest of This Year's Housing Market

Most likely, mortgage rates will stay above 6%, and home prices will climb moderately. But that shouldn't dissuade buyers who are ready to make a move.

RideApart

Selling Public Lands to Fix the Housing Crisis Is a Lie, Don't Believe It

Decades ago, homes were affordable. You could work a single job and pay for a modestly nice place to hang your hat. And most families could afford such a home on a single salary, meaning one person could theoretically stay at home and either not work, pursue a passion project,…

Kiplinger

Stock Market Today: Dow Off 890 Points on Tariff Uncertainty

President Donald Trump still believes his ever-evolving plan for global trade will be "great for us," but "it takes a little time."

Barchart

Redfin Is Soaring on a $1.75B Deal. Is It Too Late to Snap Up RDFN Stock?

Rocket Companies has agreed to buy Redfin stock for $12.50 a share. This indicates a potential buying opportunity.

Fortune

Homebuyers are getting the largest discount in 2 years as sellers accept offers below asking price—here’s where the biggest markdowns are

In addition, it takes the average home 56 days to go under contract, the longest in nearly five years.

Fortune

‘Disaster amnesia’: The Los Angeles wildfires revealed a deeper, more vicious cycle that has plagued California for decades

The secret is out, but the charred remains of LA neighborhoods still might not be enough to change the Golden State’s approach to housing.

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