Nationwide, 1 in 6 Black mortgage applicants is turned away when applying for a mortgage, compared with 1 in 14 white applicants. The gap is even wider in the most segregated parts of the country. Banks most frequently cite debt and credit history when denying Black applicants, but bias in lending ...

Momentum in high-end home-price growth changed course with the onset of the coronavirus pandemic, but the latest data shows luxury home prices are starting to rebound. The median sale price for luxury homes nationwide dropped 2.3% year over year to $ 1,099,521 in the 12 weeks ending June 14, one of ...

Inspired by the NAACP-led boycott Stop Hate for Profit, Redfin is limiting its advertising spending on Facebook in July. Facebook is a fixture in our society. It connects people with their friends and family, but it’s also how many folks get their news. That position of power carries a ...

Most Americans consider buying a house as a significant life goal. Homeownership offers stability and a sense of security and safety and for some, it is an essential rite of passage into adulthood. As you pursue your dream of homeownership, it’s crucial to understand the many moving parts to ...

Key Takeaways Pending sales the week ending June 21 have nearly returned to 2019 levels (down just 3% year-over-year). Completed home sales are still down 12% compared to the same week last year, but we expect them to catch up in late July or early August as this new batch of pending sales close. ...

Only half of Black families own their home in Washington, DC, which has the highest Black homeownership rate in the U.S., versus more than 70% of white families. Nationwide, the gap is 44% versus 73.7%. Just 44% of Black families own the home they live in as of the first quarter of 2020, up from ...

Low mortgage rates have attracted more buyers to the market—especially first-timers—amid a supply shortage that’s showing no signs of letting up. Meanwhile, prices of expensive homes have risen just 2%. Prices of the most affordable third of homes in the U.S. climbed 5.5% year over year during the ...

The coronavirus has affected so many aspects of our lives – from how we work to how we exercise, communicate, and so much more. It has also affected the housing market and how we now buy and sell homes. If you’re thinking about listing your home you may be wondering what you can do to attract ...

A growing share of Redfin users look to leave the Bay Area, Washington, D.C. and Seattle for places like Sacramento, Las Vegas and Nashville. A record 27.0% of home searchers looked to move to another metro area in April and May 2020, a new high in the share of Redfin.com users searching for homes ...

So you’ve found your dream house and you’re ready to make an offer, but how do you make sure your offer stands out among all the others? How do you make your offer more appealing? Whether you’re dealing with a competitive housing market or a cautious seller, getting your offer accepted requires ...

The racist 1930s-era housing policy that effectively blocked Black families from obtaining loans continues to widen the wealth gap. Homeowners in redlined neighborhoods have earned 52% less in home equity than those in greenlined areas over the last 40 years. Redlining, the racist housing policy ...

Homebuyers with secure, high-paying jobs and access to cash and credit take advantage of low mortgage rates, as job losses disproportionately affect low-income and Black workers, already excluded from homeownership. The impact of the coronavirus shutdowns on homebuyer demand has so far been short ...