Affordability

As inventory remains alarmingly low, home prices are also rising in parts of the U.S., with some potential buyers being hampered by harsh weather. But in a new report, Redfin agents say that “serious buyers are finding a way to see desirable homes,” and demand is picking up in warmer regions.

"There are many reasons to be encouraged about housing in 2024," said Nick Bailey, RE/MAX President and CEO. "The high mortgage rates and inventory lows of 2023 definitely made for a challenging market, but December data shows some positive signs for the new year."

As mortgage rates dropped toward levels last reported in May 2023, the MBA reported a rise in purchase application activity, led by both Conventional and FHA purchase apps.

Looking for states with the shortest average time to sell a home from start to the closing table? Experts from Agent Advice broke down Zillow data and ranked the top 10 states where homes sold in the shortest amount of time.

Prospective homebuyers are willing to reconsider their homebuying plans, according to a new RE/MAX report, which showed that nearly all Americans looking to purchase remain flexible when choosing the type of homes they want and how they’d pay for it.

Home prices compared to incomes have been rising since before the pandemic, but they really took off after the Federal Reserve began hiking interest rates in 2022. Here’s which markets are feeling the strain the most.

Redfin’s Home Price Index reveals that home price growth has stalled as U.S. housing supply remains below pre-pandemic levels. Read on to learn why buyers have been left “grappling with limited purchasing power."

The annual National Property Preservation Conference once again brought together a cross-section of field services vendors, mortgage servicing professionals, and representatives of government agencies and the GSEs to “discuss pressing issues and develop solutions.”

Office-to-apartment conversions have more than quadrupled in the past four years, according to a new study, which revealed that the reconstruction of office buildings into living spaces is expected to hit a new record in 2024.

“We’re definitely seeing an uptick in activity from both buyers and sellers,” said Abby Alwan, a Redfin Premier real estate agent in Austin. A new report breaks down the shifts currently happening in the housing market.