Search Results
Tagged with: "Redfin Blog"
30 articles found
Lake County, IN Housing Market Update: July 2026
Key Takeaways Lake County home prices rose about 4% year over year to $294,137 in July, slightly above the national pace of 3%. Homes sold in a median of 26 days—23 days faster than the U.S. median. Inventory fell about 7% from a year earlier to 2,220 active listings, while nationally the supply of homes barely changed. The county had just 2.6 months of supply versus 3.9 nationally. Nearly 40% of listings went under contract within two weeks, and about a quarter of homes sold above asking price
Lake County, IL Housing Market Update: July 2026
Key Takeaways Lake County prices surged nearly triple the national pace in July. The median sale price rose 9% year over year to $433,728, far outstripping the national rate of about 3%. Homes sold two days faster than a year ago and pending sales climbed 8% year over year, even as active listings grew 6% and new listings jumped 14%. Nearly half of homes sold above list price, and supply sat at just 2.4 months, signaling continued seller control despite the influx of fresh inventory. Lake Coun
San Diego County, CA Housing Market Update: June 2026
Key Takeaways San Diego County was a seller’s market in June: homes moved in 27 days, inventory shrank for the fifth straight month, and more than a third of sales closed above asking price. Homes sold surged 16% year over year to 2,344—the largest monthly gain since early 2024—while pending sales also rose 8%, signaling sustained buyer demand. Active listings fell 5% even as new listings grew 6%, meaning rapid absorption continued to outpace fresh supply. San Diego County, CA Housing Ma
Travis County, TX Housing Market Update: June 2026
Key Takeaways Home sales in Travis County surged 16% year over year in June while pending sales jumped 19%, far outpacing national gains of about 4%, as buyers capitalized on stable prices and elevated inventory. The median sale price rose to $530,000—up 1.9% from a year ago—marking the first sustained appreciation since the 2022 correction, though still well below the pandemic peak near $650,000. Months of supply fell to 4.9 from over 6 a year ago, signaling a rapid shift from a clear buyer
DuPage County, IL Housing Market Update: July 2026
Key Takeaways DuPage County remained a seller’s market in July. Prices grew more than double the national pace, and nearly half of homes sold above asking price. The median sale price reached $459,153, up 7% year over year, while national prices rose just 3%. New listings surged 18%, marking the second consecutive month of double-digit supply growth. DuPage County, IL Housing Market Snapshot Median Sale Price Pending Sales Active Listings Days on Market Sold Above List $459,153 (+
Single Parent First-Time Homebuyer Grants: What Programs You May Qualify For
Key takeaways Most homebuying assistance programs are offered locally through state Housing Finance Agencies (HFAs), cities, counties, and nonprofits. Many programs labeled as “grants” are actually forgivable loans or deferred second mortgages with conditions. Programs are typically based on income, household size, and first-time homebuyer status Buying a home on one income can feel overwhelming, especially with rising home prices and upfront costs like down payments and closing fees. For many
Can You Get a Mortgage Without Two Years of Work History?
Two years of work history is common but not always required: Some borrowers can qualify with a new job, recent degree, or other proof of stable income. Lenders look at your full financial picture: Credit score, debt-to-income ratio, savings, and down payment can all strengthen your application. Loan options vary by situation: Programs like FHA or VA loans may offer more flexibility for buyers. Yes, it’s possible to get a mortgage without two years of work history. While most lenders prefer to
8 Spring Break Destinations You’ll Want to Call Home Year-Round
Every spring, travelers flock to the same destinations for warm weather, beaches, and a change of scenery. But not all spring break hotspots fit the typical mold—some offer something a little more unexpected. Beyond a quick escape, these cities stand out for their year-round recreation, strong local culture, and climates that attract full-time residents. Here are eight spring break destinations that aren’t just great for a week of vacation, but are also strong contenders for a place to call
Choosing a Paint Color for Your Home: 6 Expert-Approved Tips That Work
Choosing a paint color for your home can feel exciting at first, but it often gets overwhelming once you see just how many options are out there. From subtle undertones to changing light throughout the day, a color that looks perfect on a swatch can feel completely different once it’s on your walls. The good news is that with a thoughtful approach, the right paint color can completely transform your space and potentially increase your home value. In this Redfin guide, we’ll walk through expe
4 Ways to Get Out of a Shared Ownership: A Guide for Homeowners
Key Takeaways Shared ownership means multiple people hold legal rights to a property, often as joint tenants or tenants in common. The most common ways to exit include selling the home, buying out a co-owner, or negotiating a settlement. If co-owners cannot agree, a partition action can legally force the sale of the property. Keeping detailed financial records and seeking legal advice early can help ensure a fair outcome. Shared ownership can make buying a home more accessible,
Loans for Flipping Houses: How to Finance a Fix-and-Flip Project
If you’re planning to flip a house – buy a property, renovate it, and sell it for a profit – understanding your financing options is essential. In this Redfin article, we’ll break down the most common types of loans for flipping houses, how to qualify, and what to watch out for when borrowing. Whether you’re renovating a home in Detroit, MI, or transforming a fixer-upper in San Antonio, TX, this article covers the key costs, loan types, and strategies to help you flip successfully. Why fina
Can You Buy a Foreclosure With a VA Loan?
Buying a home with a VA loan can be one of the most affordable paths to homeownership for eligible service members, veterans, and surviving spouses. But what if you’re eyeing a foreclosed property? Can you use your VA benefits for that? In this Redfin article, we’ll break down everything you need to know about using a VA loan to buy a foreclosure, including how it works, what to watch for, and key steps to make the process smoother. Whether you’re purchasing a house in San Antonio, TX, or explor
What Is a Cash-Out Refinance and How Does It Work?
If you’ve built up equity in your home, you might be wondering how to tap into it without selling. A cash-out refinance lets you do just that by replacing your existing mortgage with a new, larger one and taking the difference in cash. In this Redfin article, we’ll explain what a cash-out refinance is, how it works, its pros and cons, and when it might make sense for you. Whether you’re renovating your home in Austin, TX or consolidating debt in Los Angeles, CA, understanding this financing opti
How to Furnish Your Home Fast (Without Waiting Weeks for Delivery)
There’s nothing quite like the thrill of getting the keys to your new home and imagining how you’ll furnish it. The perfect sofa, a dining table for hosting, maybe new bedroom furniture to match the space. But that excitement can fade fast when you realize your dream sofa is on back order for 12 to 18 weeks. Between shipping delays, limited inventory, and long lead times, it’s hard to feel settled in a space that’s supposed to be yours. Whether you’re moving into a house in Be
Do You Have to Pay a Real Estate Agent If You Don’t Buy or Sell a Home?
Key takeaways: Most agents only get paid when a sale closes: If no home is bought or sold, you typically owe nothing. Your contract is key: Certain clauses can require payment if you back out after an accepted offer. New NAR rules add transparency: Agents must disclose fees upfront, so you’ll know exactly when commissions apply. You’ve spent weeks working with a real estate agent to find your next home or sell the one you have. Then life changes: you decide not to move forward. Now you’re lef
9132 Las Manaitas Ave #202, Las Vegas, NV 89144
Price: $1,084,000Status: For saleBed: 2Bath: 2.5Sq ft: 2,052Built: 2025Est monthly payment: $5,498/mo This beautiful home was perfectly crafted to fit your lifestyle. The gourmet kitchen makes a statement with its premium finishes, upgraded cabinets, and stainless steel appliances. The open-concept great room is the perfect atmosphere for entertaining, with connectivity to the dining area and expansive views of the outdoor living space. The resort-style amenities in this communit
How to See How Much a House Sold For: A Complete Guide
Understanding the sale price of a home is extremely valuable, whether you’re a prospective buyer, a seller, or simply curious about the real estate market in your neighborhood. Knowing what homes have recently sold for can help you make informed decisions, gauge market trends, and even negotiate more effectively. So, whether you’re eyeing a home in Miami or in Houston, having access to accurate sale price information gives you a competitive edge. In this Redfin real estate article, we’ll
62 E 1225 S, Tremonton, UT 84337
Price: $313,000Status: For saleBed: 3Bath: 2.5Sq ft: 1,570Built: 2025Est monthly payment: $1,647/mo Built by Timber Brook Homes, one of Tremonton’s most trusted builders, this mid-row new construction townhome blends quality craftsmanship with a clean, modern look. The light color scheme and open-concept layout create a spacious, inviting feel throughout the main level. Enjoy custom cabinetry, high-end finishes, and a well-designed kitchen and living area perfect for everyd
What is a First-Time Homebuyer Savings Account (FHSA)?
If you’re hoping to buy your first home soon, one major step is saving for a down payment and closing costs. As a first-time home buyer, you may be eligible for a first-time home buyer savings account (FHSA), a special tax-advantaged account, that can help you save faster. In this Redfin article, we’ll cover what a first-time home buyer savings account is and which states offer this program. Whether you’re buying a home in Cincinnati, OH, or a townhouse in Portland, OR, here’s what you need to k
How Do Realtors Determine How to Price a Home?
Key Takeaways Realtors use a Comparative Market Analysis (CMA) to price homes, comparing them to recently sold, active, and expired listings. Market conditions, such as whether it’s a buyer’s or seller’s market and interest rates, significantly influence pricing. A realtor’s local expertise and understanding of buyers are vital for effective pricing. When it comes to selling your home, one of the most crucial decisions made is setting the right price. It’s a delic
Can You Get Homeowners Insurance Without an Inspection?
You would think once your homeowners policy is active, the hard part’s over. But more and more homeowners are finding that’s not the case, whether they’re buying a condo in Miami, FL or a starter home in Detroit, MI. Many insurers are ordering inspections, or even driving by homes, and requiring repairs before they’ll continue or renew coverage. These days, you might be able to get homeowners insurance without an inspection — at first. But the reality is, most insurance companies require som
What Are Phase Inspections For New Construction Homes?
Buying a home comes with its fair share of stress, but building one adds a whole new layer of moving parts. Whether you’re building your dream home in Boise, ID, or watching a new construction rise in Atlanta, GA, one thing stays the same: you want confidence that it’s being built right. When building a home, you’ll still want to get your new home inspected—not just before move-in, but at many different stages in the construction process. That’s where phase inspections come in. What are p
How to Fire a Real Estate Agent as a Buyer: What to Know Before You Make the Switch
Key takeaways Check your contract: Know whether you signed an exclusive buyer’s agreement. Communicate first: Sometimes issues can be resolved before ending the relationship. Protect yourself: Always document termination in writing to avoid commission disputes. Choose wisely next time: Interview agents and clarify expectations upfront. Buying a home is stressful enough, but what if your real estate agent isn’t the right fit? Maybe they’re slow to respond, you feel a lack of trust in how they’
How to Sell and Buy a House at the Same Time: The Ultimate Guide
If you’re a homeowner looking to buy your next home, then you’ll likely have to juggle selling and buying at the same time. In an ideal world, you’d close on both homes on the same day, but that’s rarely the case. Expect some time between selling your house and buying a new one – or vice versa. In this Redfin article, we’ll outline the steps for selling and buying a house at the same time. Whether you’re looking at homes in Indianapolis, IN, or in Lubbock, TX, here’s how to sell and buy
What Is a 7/6 ARM? How This Adjustable-Rate Mortgage Works and When to Consider One
When shopping for a mortgage, you’ll likely come across different loan terms, fixed-rate, adjustable-rate, and hybrids like the 7/6 ARM. But what exactly does “7/6 ARM” mean, and how does it compare to a traditional 30-year fixed-rate mortgage? Whether you’re buying a house in Los Angeles, CA or settling down in Dallas, TX, understanding how different mortgage structures work can help you make a confident financial decision. In this Redfin article, we’ll break down how a 7/6 ARM works, when it m
18 Home Safety Tips Every Homeowner Should Know
Moving from an apartment to a house has its perks, from having more living space to finally being able to enjoy a lawn. However, it’s understandable if you feel a bit frightened by the possibility of intruders or other safety issues. After all, unlike apartments, which typically have their own safety measures in place, a new home is often a blank slate. The good news is that there are plenty of steps you can take to make your home safer. Whether you’re moving into a home in San Francisco or a h
What Does Homeowners Insurance Cover? Understanding Your Coverage, Costs, and More
Buying a home is one of life’s biggest investments, and protecting it should be a top priority. That’s where homeowners insurance comes in. Homeowners insurance helps protect your investment by covering unexpected damage, loss, or liability. If something happens – like a fire, burst pipe, or break-in – your homeowners insurance helps pay for repairs, replaces lost belongings, and can even cover temporary housing while your home is being fixed. It’s one of the smartest financial protections a hom
When Selling a House, Who Pays for What?
Key Takeaways What sellers pay for: Sellers usually cover real estate agent commissions (typically 3%-6% of the sale price), owner’s title insurance (around 0.5%-1% of the home’s price), and various closing costs that generally range between 2%-5%. These figures represent national averages — actual costs can vary significantly depending on location and property value. What buyers pay for: Buyers typically pay for home appraisals (averaging $300–$700), loan-related fees (about 2%-5% of the total
A Buyer’s Guide to the 8 Most Common Real Estate Contingencies
Contingencies are an important part of the homebuying process, giving buyers a safety net during the transaction. They are conditions written into the purchase agreement that must be satisfied for the sale to move forward, allowing either party to back out without penalty if specific terms aren’t met. Although not required, contingencies are standard in most real estate contracts, and some are especially important depending on the location. For example, in wildfire-prone areas like Los Angeles,
Do Solar Panels Increase Home Value?
Solar panels are becoming a popular choice for homeowners nationwide, but a common question is: does solar increase home value? In short, yes—adding solar to your home can increase value. In fact, homes with solar panels typically see up to a 6.9% increase in value. This depends on several factors, including local electricity rates and state policies, the age and efficiency of the system, whether it’s owned or leased, and the demand for sustainable homes in your area. In this Re