$100M most iconic waterfront property in Greenwich, Connecticut
Mediterranean-style villa set on a nearly 3-acre peninsula with over 1,250 feet of shoreline, private beach access, a deep-water dock, tennis court, recording studio, and sweeping Long Island Sound views from nearly every room.
A majority of the most affordable cities are located in the Midwest and Southern U.S., with a large share in the Rust Belt.
The most affordable U.S. cities for homebuyers👇
1. Bellefontaine Neighbors, MO
2. Ferguson, MO
3. Detroit, MI
https://t.co/jwR6mQT3f7
Lennar, America's 2nd largest home builder, has cut prices 27% on new houses since the pandemic peak.
Back in mid-2022, they were doing $511k per house.
Now, it's $375k.
Current prices are below pre-pandemic norms, and indicate a sizable correction taking place.
Note: Lennar's reported selling price is net of incentives like mortgage rate buydowns. Additionally, they have started building some smaller floor plans as well, resulting in smaller price tags.
Ultimately this is great news for homebuyers, as Lennar is one of the few builders actually delivering sizable affordability gains on houses.
Their orders are way up as a result.
The average 30-year fixed mortgage rate today: 6.24%
Same day last year: 6.84%
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10-year Treasury yield: 4.11%
Spread today: 213 bps
What an incredible week at @DiscoverCREtech event in NYC.
The energy, ideas, and collaboration at this event are a reminder that the future of real estate isn’t just about buildings, it’s about intelligence, integration, and innovation.
#CREtech#RealEstateInnovation#AI
Nearly 29% of U.S. homebuyers are paying in cash, essentially unchanged from last year and down from a peak of 35% two years ago.
All-cash purchases were most common in West Palm Beach (43%), followed by Cleveland (42%), and Miami (39%). #realestate
https://t.co/wSTJH0fNPu
After twenty years helping companies grow, I’ve learned this: growth exposes every weakness.
The best leaders don’t wait for scale to break things. They build foundations early.
#Leadership#COO#BusinessOperations#Scaling
https://t.co/noBbPHV2iF
When an impasse occurs around the sale of a divorcing couple’s home, effective communication with both sides is crucial. These case studies can help you navigate common challenges to best protect the interests of both clients. https://t.co/0vBT2srckH
Mortgage rates won't change much today following the latest inflation report that came in largely as expected.
Investors are focused on the longer-term risk of tariffs and tax cuts, which have been the dominant force pushing mortgage rates higher.
https://t.co/Y83C0YTreO
On Veterans Day, we thank the members of the military and their families for the sacrifice and commitment they’ve given in service to our country.
To our Veterans at Redfin, we’re honored to work alongside you. #VeteransDay