The Price Point: What $1 Million Buys in These Charming Small Cities
In this edition of The Price Point—a weekly series where Redfin data journalists explore current housing inventory across a rotating combination of budgets and metro areas—we’re looking at the million-dollar market. The $1 million price point was once synonymous with luxury—but as home prices contin
San Francisco’s Luxury Home Sales Jump 22% As Median Price Nears $7M
Luxury home sales are surging in San Francisco, the epicenter of the AI boom, pushing the median sale price to the highest March level on record. Tight supply is another factor pushing up San Francisco’s luxury prices; active listings are down roughly 15% year over year. San Francisco’s luxury hou
Homebuying Demand Ticks Up, Mortgage Rates Tick Down
More homeowners are putting their houses on the market, with new listings increasing for the second week in a row after five straight months of declines. U.S. pending home sales rose 2.7% year over year during the four weeks ending April 26, the biggest increase in six weeks. Mortgage-purchase appl
Fed Holds Rates Steady, But Rare Dissents Signal Cloudy Outlook For Future Path
The Federal Reserve held interest rates steady at its April 29 meeting. Takeaway: Mortgage rates may rise slightly as Jerome Powell’s last Fed meeting as chair ended with some fireworks. The Board signaled an unusual amount of division over the future path of interest rates and, in a historically u
