Nov 25, 2025 3:02 PM Eastern Standard Time CORRECTING and REPLACING Redfin Reports West Palm Beach Tops 10-Year Luxury Home Price Growth as Traditional Giants Like New York Lag Behind Share CORRECTION...by Redfin SEATTLE--(BUSINESS WIRE)--Please replace the release with the following corrected version due to multiple revisions. The updated release reads: REDFIN REPORTS WEST PALM BEACH TOPS 10-YEAR LUXURY HOME PRICE GROWTH AS TRADITIONAL GIANTS LIKE NEW YORK LAG BEHIND West Palm Beach, FL is leading a Sun Be ...

Key TakeawaysFederal Reserve Governor Waller is advocating for a rate cut at the December meeting, citing a weak labor market and inflation that, excluding tariffs, stands around 2.4% or 2.5%.Ukraine's delegation for peace talks is returning from Geneva, following discussions between Russian President Putin and Turkish President Erdogan regarding a potential peace plan, with Erdogan offering to mediate.US Agriculture Secretary Rollins announced that aid for farmers is expected to be unveiled in the week aft ...

Redfin Reports U.S. Luxury Home Prices Jump 5.5% in October, Triple the Pace of Non-Luxury Homes Share SEATTLE--(BUSINESS WIRE)--U.S. luxury home sale prices rose 5.5% year over year to a median $1.28 million, a record high for the month of October, according to a new report from Redfin, the real estate brokerage powered by Rocket. Luxury home prices are growing roughly three times faster than non-luxury prices, which rose 1.8% to a median of $373,249. That's according to an analysis of home sales from Augu ...

SEATTLE--(BUSINESS WIRE)--There were an estimated 36.8% more home sellers than buyers in the U.S. housing market in October (or 528,769 more, in numerical terms)—the largest gap in records dating back to 2013. That's according to a new report from Redfin, the real estate brokerage powered by Rocket. Redfin defines a market with over 10% more sellers than buyers as a buyer's market. By this definition, it has been a buyer's market since May 2024. There have been over 30% more sellers than buyers. ...

SEATTLE--(BUSINESS WIRE)--Numerous housing metrics were flat in October—a notable shift from the ups and downs of recent years, according to a new report from Redfin, the real estate brokerage powered by Rocket. Pending home sales were little changed from both a month and a year earlier. So were closed home sales and new listings. Price growth has also shown signs of plateauing. The median home sale price rose 1.4% year over year to $440,523 in October. That pales in comparison to the big swing. ...

Core Insights - A new AI-powered conversational search tool has been launched by Redfin in collaboration with Sierra AI, aimed at enhancing the homebuying experience for Americans [1][2] - The tool allows users to describe their home preferences in natural language, moving beyond traditional search filters [1][4] Company Developments - Redfin's CEO, Glenn Kelman, emphasized that the collaboration with Sierra AI enables the company to improve real estate search conversations, making them more user-friendly [2][4] - The tool is designed to provide personalized suggestions, similar to a human real estate agent, and is available 24/7 with access to 2 million listings [5][7] Consumer Impact - The AI tool aims to assist homebuyers in finding homes that match their unique preferences, such as aesthetic qualities and specific features [4][10] - It is expected to help buyers who may have previously given up on their search due to affordability issues, by suggesting alternative neighborhoods and listings [7][10]

Nov 13, 2025 7:30 AM Eastern Standard Time Redfin Reports Pending Home Sales Slip As Would- Be Buyers Wait For Lower Rates and Economic Clarity Share The homes that do sell are taking a long time to find buyers, who are wary of high housing costs and economic instability SEATTLE--(BUSINESS WIRE)--U.S. pending home sales fell 0.3% from a year earlier during the four weeks ending November 9, a tiny decline but the first in four months, according to a new report from Redfin, the real estate brokerage powered b ...

Core Insights - A significant trend has emerged where more Americans are relocating away from high flood-risk areas, with nearly 30,000 people moving to safer locations in the past year, marking the first net outflow since 2019 [2][3] - Low-risk flood counties have seen a net influx of just under 36,000 residents, indicating a shift in domestic migration patterns towards safer environments [2][3] Migration Trends - Redfin's analysis highlights that counties with the highest flood risk, where 23.7% to 99% of homes are at risk, are experiencing more residents leaving than moving in [3][7] - The largest population losses were recorded in Miami-Dade County, Florida, with over 67,000 residents leaving, followed by Harris County, Texas, and Kings County, New York, each losing around 30,000 residents [4][8] Economic Implications - Homeowners in flood-prone areas face rising insurance premiums and potential declines in property values, which can deter buyers and affect resale demand [5][7] - A Miami-area real estate agent reported that homeowners insurance and flood insurance costs have surged significantly, from $2,000 and $400 to $6,700 and $1,250 respectively, contributing to the outflow of residents [9] Demographic Shifts - The counties with the largest domestic exoduses are located in states such as Florida, Texas, New York, New Jersey, Louisiana, Virginia, and Alaska, reflecting a broader trend influenced by climate risks and economic factors [4][8] - Hudson County, New Jersey, experienced a loss of 12,735 residents, while other counties around New Orleans and along the Texas-Mexico border also reported significant outflows [8][9] Public Sentiment - Surveys indicate that 80% of Americans consider climate risks when house hunting, although fewer actively seek homes in lower-risk areas, suggesting a complex relationship between awareness and decision-making [11]

Core Insights - Nearly half of Americans (45%) are less likely to make major purchases due to the ongoing federal government shutdown, a significant increase from 21% in early October [1][2][8] - The shutdown has negatively impacted the financial situation of over a third of Americans, with 35% reporting they are worse off financially [7][9] Consumer Behavior - The percentage of Americans who are much less likely to make a major purchase has risen from 14% to 28% [2] - 21% of Americans are delaying major purchases, up from 17% in early October, while 15% have canceled plans altogether, an increase from 7% [5] - Just over half (51%) report no change in their likelihood of making a major purchase, down from 64% a month earlier [2][5] Economic Impact - The federal government shutdown, which began on October 1, is estimated by the Congressional Budget Office to potentially reduce the U.S. economy by up to $14 billion and slow growth by as much as two percentage points if it continues through the end of November [4] - Nearly half (46%) of Americans say the shutdown is having a negative impact on their lives, with 16% indicating a major negative impact [6] Financial Strain - Among those with monthly housing payments, 7% have missed a payment in the past three months, and 13% have been late [10] - 14% predict they will miss or be late on a housing payment in the next three months [10] - The most cited reason for missed or late payments is a decrease in income or income delays (34%) [13] Job Security Concerns - Approximately 33% of workers express concern about their job security, a figure that remains stable compared to previous surveys [15] - The majority (61%) of employed respondents feel confident about their job security, with 41% very confident [16]

Core Viewpoint - Zillow and Redfin are facing lawsuits from state and federal officials for allegedly engaging in anti-competitive practices in the online rental advertising market, which could lead to higher costs for consumers and fewer rental options [1][2][3]. Group 1: Legal Allegations - Attorneys general from five states, along with the Federal Trade Commission (FTC), have filed lawsuits claiming that Zillow and Redfin violated federal antitrust laws, specifically the Sherman Antitrust Act and the Clayton Act [3]. - The lawsuits allege that Zillow paid Redfin $100 million to shut down its online rental advertising business and transfer its clients to Zillow, which included the firing and rehiring of hundreds of employees [4][5]. Group 2: Market Implications - If the allegations are proven true, the collaboration between Zillow and Redfin could lead to increased advertising costs for rental properties, which may be passed on to consumers [6]. - The potential rise in advertising costs could limit options for consumers, particularly affecting smaller landlords who may struggle to afford advertising on major platforms like Zillow [6].