Redfin

The share of homes for sale with a price cut hit its highest level since 2010, but homebuyers are still reacting to rising prices and interest rates, according to Redfin.

In the latest example of how companies that control a significant portion of the home buying process can weave digital innovations throughout the customer experience, online real estate and mortgage company Redfin will implement electronic closing technology from Notarize.

As potential homebuyers anticipate mortgage rates to keep rising, September was a strong month for housing demand, according to Redfin.

Thousands of homeowners in San Francisco, Los Angeles and Chicago are headed out of town.

A typical homebuyer has already lost over 6% of purchasing power because of rising interest rates since the start of the year, a study by Redfin found.

Declining home sales and high mortgage rates led to a year-over-year increase in housing stock in September, according to Redfin.

As more sellers lower their asking prices and competition eases, the share of homes sold above their listing keeps declining, according to Redfin.

As mortgage rates jump and housing inventory rises, over a quarter of all home listings dropped their price in the past month, according to Redfin.

There is a sharp increase in the number of Denver-area residents searching for homes in other metros compared to the number of people in other cities looking for properties in the area, according to Redfin.

Staggering home prices and steep tax rates are pushing people from expensive cities along the coasts to more affordable locales.