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No Ceiling Lights? No Problem. This is How to Light A Room With No Overhead Lighting

3 days ago | redfin.com | Ashley Cotter

You’ve just moved into your new place and everything feels perfect. Until you flip the switch and realize… there’s no overhead lighting. But how, exactly, do you light a room with no overhead lights? Whether you’re in an older home in Los Angeles, a historic rental in San Francisco, or a budget-friendly apartment in Portland, OR, the Redfin team won’t leave you in the dark. Let these tips from experts in the lighting and design industries brighten your day (or living room)—no electrician required.
U.S. Home Sellers Are Sitting on Nearly $700 Billion Worth of Listings, an All-Time High

5 days ago | redfin.com | Dana Anderson

More than $330 billion worth of listings have been sitting on the market for 60 days or longer. Rising inventory and slow homebuying demand is pushing up the total dollar amount of home listings, and will push down home-sale prices by the end of the year. There’s a total of $698 billion worth of homes for sale in the U.S., up 20.3% from a year ago and the highest dollar amount ever. This is based on an analysis of listings on Redfin.com going back through 2012.
High Housing Costs Are Keeping Homebuyers at Bay-But Price Relief Is in Sight

1 week ago | redfin.com | Dana Anderson

The median monthly U.S. mortgage payment is just $25 shy of its record high, sidelining would-be buyers. But the tide is turning for buyers: Redfin economists expect home prices to decline by the end of the year, and a surplus of listings is motivating sellers to negotiate. The median monthly mortgage payment nationwide was $2,860 during the four weeks ending May 25, up 3.6% year over year and just $25 shy of the all-time high.
Reading Nook Ideas: How to Create a Cozy Spot in Any Room

1 week ago | redfin.com |

There’s something magical about having a dedicated spot to unwind with a good book. Whether you’re transforming an awkward corner, an empty closet, or a sunny windowsill, a well-designed reading nook can instantly add comfort, personality, and purpose to your home. In this Redfin article, we’ll walk you through how to create a stylish and functional reading nook—whether you’re sprucing up your home in Portland, OR or designing your dream corner in Savannah, GA. Why create a reading nook?
Investor Purchases of Condos Fall to Lowest Level in 10 Years, Aside From Start of Pandemic

1 week ago | redfin.com | Dana Anderson

Investor purchases of U.S. homes rose 2% year over year in the first quarter. Investor activity has been fairly stable for the past two years, after the wild up-and-down swings of the pandemic era. Investor purchases of condos fell 3% year over year to the lowest level in 10 years, aside from Q2 2020. That’s driven largely by investors retreating from Florida.
Luxury Pending Home Sales Fall 10% to Lowest April Level in Over a Decade

1 week ago | redfin.com | Mark Worley

The typical U.S. luxury home sold for $1,348,065 in April, up 6.5% from a year earlier, but down slightly from the record high set in March. Economic uncertainty is pushing high-end buyers to the sidelines, with pending sales of luxury homes down 9.9% year over year. That is the largest annual decline since August 2023 and the lowest level for any April since 2014. The typical luxury home sold in 52 days in April, virtually unchanged from 51 days a year ago.
Redfin Forecast: U.S. Home Prices Will Dip 1% By the End of 2025

2 weeks ago | redfin.com | Dana Anderson

Mortgage rates are forecasted to stay elevated near 7%. Redfin economists expect the median U.S. home-sale price to fall flat in the third quarter, and fall 1% year over year by the fourth quarter. When it comes to mortgage rates, we expect them to remain elevated near 7% for the remainder of the year. This marks a stark reversal from years of home-price increases. Aside from a brief period in 2023, home prices have been rising year over year since 2012 due to a prolonged seller’s market.
New Listings Hit Highest Level in Nearly 3 Years

2 weeks ago | redfin.com | Dana Anderson

Would-be buyers are sidelined by record-high housing costs and economic instability, allowing inventory to pile up. New listings of U.S. homes for sale rose 8.4% year over year to their highest level in nearly three years during the four weeks ending May 18. But buyers aren’t biting: Pending sales fell 2.2%, dropping to their lowest level for this time of year in our records, which date back to 2015, and mortgage purchase applications are down 5% week over week.
How to Plant a Tree That Thrives, Even If You Don’t Have a Green Thumb

2 weeks ago | redfin.com |

In this Redfin article, we’re breaking down how to plant a tree the right way—whether you’re adding curb appeal to your home in Boise, ID or enhancing your backyard in Charlotte, NC. Tree planting isn’t just about digging a hole—it’s about setting roots for long-term success. Follow this detailed, expert-backed guide to give your tree the best start possible. Why planting a tree mattersPlanting a tree can increase property value by up to 15%, according to the USDA Forest Service.
U.S. Home Prices Tick Down 0.1% in April

2 weeks ago | redfin.com | Mark Worley

U.S. home prices in April nudged down 0.1%, the first month-over-month decline since September 2022. Home prices rose 4.1% year over year—the smallest increase since July 2023. Half of the 50 most populous U.S. metros recorded a drop in home prices month over month, led by Charlotte (-1%). U.S. home prices ticked down 0.1% in April on a seasonally adjusted basis, the first month-over-month decline since September 2022.