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▲ 0 r/asksandiego

What’s it like trying to buy a home in San Diego right now?

It looks like San Diego’s housing market has been pretty mixed this summer.

Move-in-ready single-family homes are in short supply, condos are sitting on the market longer, and homes in desirable coastal neighborhoods are still selling quickly when priced right, according to this recent Redfin report.

If you’ve been looking to buy, sell, or just watching the San Diego housing market, does this match what you’ve been seeing?

u/RedfinJeremy — 6 days ago
▲ 7 r/USHousingMarket

Home sales drop to lowest level in almost two years

U.S. home sales fell 4.1% from a month earlier in July, dropping to their lowest level in almost two years, according to a new report from Redfin.

Historically high housing costs are pricing many would-be buyers out of the market. In July, the median U.S. home-sale price rose 3.2% year over year to $407,730, the highest July level on record.

Concerns about the job market, inflation, and the broader economy are also making some buyers hesitant to make a major financial commitment, especially with mortgage rates around 6.5%.

The slowdown is especially pronounced in Texas and Seattle. Home sales are falling fastest in San Antonio, Dallas, and Fort Worth, while Seattle saw the largest year-over-year decline in pending sales.

Does the housing market feel slower where you live?

u/RedfinJeremy — 8 days ago
▲ 3 r/USHousingMarket

Mortgage rates expected to hold steady after latest inflation report

Mortgage rates are anticipated to hold steady after today's inflation report came in at 0.22% month over month for core inflation in July.

In a new Redfin report, Chen Zhao, head of economics research at Redfin, said the odds of a rate hike in September are looking less likely, especially if next month's data looks similar.

"We’ve now had two months of weaker than expected jobs reports and one weak inflation report followed by a largely benign one. The data is painting a picture of a fragile, but balanced economy," Zhao says.

u/RedfinJeremy — 8 days ago
▲ 0 r/USHousingMarket

Are mortgage rates going up? This week could give us a better idea

Mortgage rates could be in for another move this week, with new inflation data coming Wednesday.

According to Redfin’s Chen Zhao, the odds of a Fed rate hike in September are currently around 50/50. A lower core inflation reading could give the Fed room to keep rates steady, while a higher reading could increase the chances of a hike - and potentially push mortgage rates higher.

We’ll also get new retail sales and consumer sentiment data on Friday.

Where do you think mortgage rates are headed from here?

u/RedfinJeremy — 10 days ago
▲ 5 r/USHousingMarket

Brooklyn's Park Slope tops Redfin's list of the hottest luxury neighborhoods of 2026

While much of the housing market favors buyers this year, luxury tells a different story. Demand continues to outpace supply in many high-end neighborhoods, with buyers remaining unfazed by elevated costs and competition staying strong. Here's Redfin's ranking of the hottest luxury neighborhoods of 2026:

  1. Park Slope, Brooklyn, New York

  2. Highland Park, Illinois

  3. Overland Park, Kansas

  4. Belmar, New Jersey

  5. Coronado, California

  6. East Orlando, Florida

  7. Noe Valley, San Francisco, California

  8. Scottsdale, Arizona

  9. Mechanicsville, Virginia

  10. Libertyville, Illinois

Did any of the neighborhoods that made the list surprise you?

u/RedfinJeremy — 16 days ago