Pending Home Sales Jump 10% From a Year Ago to Highest Level Since 2022
Sale prices are rising as homebuying demand strengthens. U.S. pending homes sales jumped 9.6% year over year to their highest level since September 2022, on a seasonally adjusted basis. Pending sales are rising in every major U.S. metro except three (Houston, Detroit and Seattle). Mortgage-purchase
Just Listed in Virginia: A One-of-a-Kind Estate That’s Part Home, Part Event Venue, Part Airbnb
In this edition of Just Listed–a series from Redfin News that explores homes that are listed by Redfin or Compass agents on Redfin.com–we’re exploring a 3.5-acre estate in Hamilton, Virginia. This $2.5 million estate in a small Virginia town is a hidden countryside retreat with endless opportunities
$60 Million Montecito Mansion Tops List of April’s Priciest Home Sales
Bruce Willis’ former Beverly Hills home and a mountain retreat in Vail are also among April’s most expensive home sales. An unfinished mansion in Montecito, CA was the most expensive U.S. home sale of April, bringing in nearly $60 million. Coastal Florida took the No. 2 and No. 3 spots, with an oc
Fed in Wait-and-See Mode on Hot Inflation Report; Mortgage Rates to Track Oil Prices, Mideast Talks
Takeaway: A slightly hotter than expected CPI report will keep the Fed on hold and may push officials slightly closer to considering hikes. Mortgage rates will continue to be driven mostly by oil prices and developments in Middle East peace talks in the near term. Headline inflation remained elevate
