Dana Anderson

Victoria

Publicist at Redfin

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Articles

Here Are the 10 Most Expensive Home Sales of March

1 week ago | redfin.com | Dana Anderson

Your Opt Out Preference Signal is HonoredCookie SettingsThe California Consumer Privacy Act 2018, as amended by the California Privacy Rights Act 2020 (“CCPA”) permits California residents, or their authorized agents, to opt out of the “sale” and "sharing" of their personal information to third parties. The CCPA defines the terms “sale” and "share" broadly, which may mean they include using third-party advertising and analytics tools such as cookies.
Homebuyer Demand Improved Last Week, But Tariff Turmoil, Rising Rates and Economic Jitters Likely to Hamper Sales

2 weeks ago | redfin.com | Dana Anderson

Pending home sales and mortgage applications improved a bit at the start of April. But since then, the back-and-forth on President Trump’s new tariff policy, rising mortgage rates and the increased odds of a recession have likely pushed down homebuying sentiment.
1 in 5 Homebuyers Expect to Sell Stocks to Fund Down Payment: Redfin Survey

2 weeks ago | redfin.com | Dana Anderson

Homebuyers are more likely than renters to use stock investments to pay for housing, according to a Redfin survey. With stock values dropping, would-be homebuyers may back off as their bank accounts shrink and their confidence in the economy is shaken. One in five (20%) prospective homebuyers expect to sell stocks to help fund their next down payment. When it comes to people who own homes, roughly one in eight (13%) homeowners report selling stocks to help fund their down payment.
Tariffs Push Mortgage Rates Down, Upping Homebuyers’ Purchasing Power While Amping Economic Uncertainty

2 weeks ago | redfin.com | Dana Anderson

Mortgage rates have dropped to their lowest level in six months in the aftermath of President Trump’s newly announced tariffs. For weary homebuyers who have been waiting for a break in housing costs, the decline ups their purchasing power. A homebuyer on a $3,000 monthly budget can afford a $458,750 home with a 6.55% mortgage rate, the daily average on April 4. That’s the lowest daily average mortgage rate in six months. The decline in rates is giving homebuyers more purchasing power.
Spring Brings Record-High Monthly Housing Costs, Keeping Pending Home Sales at Bay

3 weeks ago | redfin.com | Dana Anderson

Soaring housing payments are keeping many homebuyers on the sidelines, but new listings are ticking up and there are signs some house hunters are emerging as we enter spring. Housing costs are at an all-time high. The typical U.S. homebuyer’s monthly payment hit a record high for the second week in a row, reaching $2,802 during the four weeks ending March 30.
Monthly Housing Payments Hit All-Time High

4 weeks ago | redfin.com | Dana Anderson

The median monthly mortgage payment reached a record high this week, putting a lid on pending home sales. New listings, on the other hand, are improving. The typical U.S. homebuyer’s monthly housing payment hit an all-time high of $2,807 during the four weeks ending March 23, up 5.3% from a year earlier. Housing costs are soaring for two reasons. One, sale prices keep rising; the median home-sale price is up 3% year over year.
Home Sales Dropped Significantly in Altadena and the Pacific Palisades in Aftermath of Los Angeles Wildfires

1 month ago | redfin.com | Dana Anderson

The month after the Eaton and Palisades wildfires, home sales and new listings fell in the neighborhoods that were directly impacted. The story is different in the greater Los Angeles metro, where the housing market picked up. Home sales fell by double digits in the Pacific Palisades and Altadena in the wake of January’s devastating Los Angeles wildfires. In the Palisades (zip code 90272), just 12 homes sold in February, down 56% from a year earlier.
Gen Z and Millennial Homeownership Rates Flatlined in 2024 As Housing Costs Soared

1 month ago | redfin.com | Dana Anderson

Young Americans are also tracking behind their parents’ generations; for instance, 33% of 27-year-olds own their home today, compared to 40% of baby boomers when they were 27. Young Americans are losing their momentum when it comes to homeownership. Just over one-quarter (26.1%) of Gen Zers owned their home in 2024, essentially flat from 2023 (26.3%) and 2022 (26.2%).
Near-Record Housing Costs Put a Lid on Pending Sales, Even as Early-Stage Demand Picks Up

1 month ago | redfin.com | Dana Anderson

House hunters are touring homes and applying for mortgages as rates stay below 7%, but prospective buyers aren’t always following through with a purchase. The typical U.S. homebuyer’s monthly housing payment is $2,793, just a few dollars shy of the all-time high. Housing payments are sky-high for two reasons. One, sale prices keep rising; the median home-sale price increased 3.3% year over year during the four weeks ending March 16.
Here Are the 10 Most Expensive Home Sales of February

1 month ago | redfin.com | Dana Anderson

Most of February’s most expensive home sales were in beachfront Florida, with properties in Southern California and Manhattan rounding out the list. Coastal Florida was home to seven of the 10 highest-priced U.S. home sales of February. Two estates in Southern California and one penthouse in New York City rounded out the list. All sold for more than $30 million, and the top three sold for $40 million or more.

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