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Investors are pulling back for similar reasons as homebuyers: high borrowing costs, elevated home prices, and economic uncertainty. Still, many investors are likely taking advantage of the buyer’s market and getting a deal on certain homes. #realestate https://t.co/4BWPrPYQkG

The balance of power in the rental market is shifting back toward landlords. Asking rent prices just jumped the most in nearly three years as a slowdown in the number of new apartments hitting the market empowered landlords to raise prices. #housing https://t.co/i3Y3nIlhde

Mortgage rates hit 6.3% yesterday, improving buyers' purchasing power. “My message to homebuyers and refinancers: This is what you’ve been waiting for. If you’re serious about locking in a mortgage rate, do it now,” said Chen Zhao, an economist at Redfin. https://t.co/2P1eBfbdqg

Mortgage rates dropped to 6.29% today, the lowest level in 11 months, giving homebuyers a window of opportunity to take advantage of improved affordability and purchasing power, explains our Chief Economist, @FairweatherPhD.

Today’s weak jobs report all but guarantees that the Fed will cut interest rates later this month, and that’s sending mortgage rates down today. Mortgage rates are unlikely to fall more after the Fed meeting unless they forecast more cuts. #mortgagerates https://t.co/oyitxNoBBh

Mortgage rates have fallen to their lowest level in nearly a year, drawing some buyers back to the market. Redfin economists caution against waiting for even lower rates, noting that today’s levels already reflect the anticipated Fed rate cut. #housing https://t.co/UvK8XeZUAi

For the first time in nearly a decade, the number of homeowners is no longer growing, while the number of renters is rising sharply. High prices, elevated mortgage rates, and delayed life milestones are keeping many households in the rental market longer. https://t.co/Hq2pqEIvfF

There are 36% more sellers than buyers nationwide 👉 https://t.co/EZVRZZTveS Miami, Fort Lauderdale, and Austin are the strongest buyer's markets, with more than twice as many sellers as homebuyers—giving buyers extra negotiating power. #realestate

Inventory is growing more in Las Vegas than anywhere else in the nation, with many locals backing off amid high housing costs. Las Vegas homebuyers can take their time choosing from a plethora of options and they may be able to negotiate prices down. https://t.co/UahWLBTpal

Declining mortgage rates have pushed monthly payments down to their lowest level since the start of the year, leading to a modest improvement in demand. But Redfin agents report that many buyers are waiting for rates to drop lower before making a move 👀 https://t.co/NawsXVlDUk

Homebuyers are spooked by high home prices, high mortgage rates and economic uncertainty, and now sellers are spooked because buyers are spooked. The good news? Mortgage rates have been falling recently, which could bring some activity back to the market. https://t.co/GvXOJDopHV

While the U.S. median rent price is ticking up, it remains $70 below the record high and is growing at a slower pace than wages. San Jose and Chicago saw the biggest increases in rent prices, while Jacksonville and Austin saw the biggest declines 👉 https://t.co/uLjZwMJrbe

Last month saw some blockbuster celebrity home sales led by the $110M "Spelling Manor" in Los Angeles. Four of last month’s 10 most expensive home sales were in Southern California, five were in coastal Florida and one was on Martha’s Vineyard. https://t.co/kMkw40IfnO

Affordability is improving as home price growth slows and mortgage rates ease. Our CEO @glennkelman says these shifts could open the door for more buyers to enter the market in the next 6-9 months. https://t.co/zUHa7LMtHg

Homes are taking longer to sell, giving buyers negotiating power: https://t.co/lxAfgY9E1H Redfin agents report that for listings lingering on the market, sellers are more willing to accept offers under asking price or make concessions to close the deal. #realestate

For serious house hunters, there are several reasons to take advantage of today’s market 👇 · Mortgage rates are unlikely to fall further · Buyers have more negotiating power · There are more listings than a year ago, but some sellers are pulling back https://t.co/PUvmWjI1lK

The median asking rent price rose 1.7% ($30) year over year to $1,790 in July. ​ Prices may be climbing because shrinking apartment supply is coinciding with growing renter demand, which is being fueled by the high cost of homeownership. #housing https://t.co/ySGMKqDLNT

The typical home spent 43 days on the market in July, eight days longer than a year ago.​ With homes lingering, supply is piling up, giving buyers more options and negotiating power—and prompting some sellers to retreat. #realestate https://t.co/XLPv8485oL

The median monthly housing payment hit a seven-month low as mortgage rates ticked down. Serious homebuyers should know the window to snag a mortgage rate in the mid-6s may be limited as increased rate volatility is expected in coming weeks 👉 https://t.co/jY1UOkC9Xi #realestate

The income needed to afford the typical home has fallen year over year in 11 major metros, providing some relief to buyers in these areas. ​ ​ Most locations are Sun Belt boomtowns that have seen a drop in home prices amid a spike in home construction 👉 https://t.co/On5mZNG76D