As elevated mortgage rates curtailed homebuyer demand, a lack of homes for sale also limited home purchases, according to a new report from Redfin.
Read More »Mortgage Rates Jump to 14-Year High
Mortgage rates jumped 23 basis points week-over-week, hitting a high mark last seen in late 2008, as heightened inflationary concerns are pushing more prospective buyers back to the sidelines.
Read More »Post-Summer Slowdown? Homes Selling for Less Than Asking
For the first time since the housing market picked up after the pandemic, Redfin has reported that the average home has sold for less than its listing price ...
Read More »Median Asking Rent Up 14% YoY in July
According to a new Redfin report, the national median asking rent for July was up 14% year-over-year (and 0.6% month-over-month) to an average of $2,032 per month. This ...
Read More »Mortgage Rates Fall to Four-Month Low
A market reset may be underway, as fixed-rate mortgages fell just below 5% for the first time since April 7, continuing a trend of instability amid inflationary pressures and a slowdown in economic growth.
Read More »Sensitive Mortgage Rate Environment Drives Up Home Searches
Since mortgage rates fell from their June highs, Redfin reports online real estate searches and home tours have ticked up and/or stabilized.
Read More »Pending Home Sales Numbers Take a Hit
As costs continue to rise and buyers are priced out of their local market, Redfin has found that the length of time a home is on the market ...
Read More »Rent Growth Eases in June
Asking rents may have risen 14% YoY in June, but Redfin reports a slowdown in rent growth as landlords respond to a tightening in tenant budgets spurred by inflationary concerns.
Read More »When Court Decisions Trickle Down to Housing Choices
In the aftermath of the recent Supreme Court decision rolling back Roe v. Wade, Redfin conducted a survey to gauge how the ruling’s aftermath could impact housing migration patterns.
Read More »Home Prices Back Away From All-Time High
Affordability issues are officially taking a toll on the market as the average asking price of a newly listed home is off 1.5% from its peak in spring in ...
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