When homeowners miss several mortgage payments, their lender may begin the foreclosure process. This is a legal procedure that allows the lender to take back the home and sell it to recover the remaining balance. While it’s a stressful situation, understanding how the process works can make it easier to navigate. From the early stage of pre-foreclosure, where homeowners still have a chance to resolve the...
If you’re hoping to buy a home, your credit score is one of many important factors in qualifying for a mortgage, as it helps indicate whether you’re a trustworthy borrower. However, if your credit score needs improvement, there are plenty of simple ways to raise it. In this Redfin article, we’ll outline the steps you can take to improve your credit score before buying a home. Whether you’re...
When it’s time to sell your home, one of the most important decisions you’ll make is choosing the right listing agent. A listing agent represents the seller, guiding them through every stage of the home-selling process. From pricing strategy and marketing to negotiations and closing, the listing agent works tirelessly to secure the best possible outcome for their client. In this guide, we’ll break...
When you’re ready to move on from your current home, one of the first questions you’ll probably ask yourself is: What is the cheapest way to sell a house? Selling a property is a complex process, and between real estate commissions, closing costs, and home preparation expenses, many homeowners are shocked at how much they lose in fees. The good news? There are several inexpensive ways to reduce...
Selling a home isn’t always straightforward, especially when you owe more on your mortgage than the property is worth. Homeowners often ask, “Can I sell my house for less than I owe?” The short answer is yes, but the process can be complicated, and the financial consequences vary depending on your situation. Essentially, you have two primary options. You can either bring money to the table at closing...
Key takeaway: An escrow holdback temporarily retains a portion of seller funds after to cover lender-required repairs. Once repairs are verified, the funds are released to the seller. An escrow holdback is a financial agreement, approved and monitored by the lender, that enables a home sale to proceed. It involves setting aside a portion of the seller’s proceeds to cover unfinished repairs or...
San Antonio stays in the mix for both buyers and sellers, with a market that keeps moving at a steady pace. In July 2025, the median sale price was $275,250, up 2.7% year over year, and homes sold in about 58 days on average. The market is somewhat competitive, earning a Redfin Compete Score of 42/100, with listings typically receiving around two offers. From June through August, most Redfin.com users...
Fort Worth keeps buyers on the move, and the housing market shows it. Homes sold in about 49 days this July, with a median sale price of $340,000, down 2.8% year over year. The market is somewhat competitive, with a Compete Score of 56/100, and 18.5% of homes selling above list price even as 39.3% saw price drops. The sale-to-list price ratio came in at 98.0%. From June through August, most Redfin.com...
Providence is very competitive. Homes here receive about 6 offers on average and sell in around 25 days. In July 2025, the median sale price was $500,000 (−1.7% year over year) and the median sale price per square foot was $276 (up 19.4% year over year). The sale‑to‑list price ratio was 99.9%, with 42.7% of homes selling above list and 22.9% seeing price drops. Providence’s median sale price was...
Detroit’s housing market is somewhat competitive. Homes in Detroit receive 2 offers on average and sell in around 42 days. In July 2025, the median sale price was $105,000 (up 12.9% year over year) and the median sale price per square foot was $82 (up 12.3% year over year). The Redfin Compete Score is 43. Typical homes sell about 3% below list price, while hot homes can sell about 2% above list and go...
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