Clik here to view.
Rental Market Tracker: Asking Rents Rose for the Third-Straight Month in...
The median U.S. asking rent rose 1% from a year earlier. By comparison, rents jumped 5% in the Midwest—in part because the region hasn’t seen as big of a construction boom as other parts of the...
View ArticleClik here to view.
Nearly 20% of San Francisco Home Sellers Take a Loss on Their Sale, More Than...
The share of San Francisco sellers losing money on their home sale is sitting near its highest level in more than a decade, largely because prices have come back down to earth after skyrocketing...
View ArticleClik here to view.
Hotter-Than-Expected Inflation Report Will Keep Mortgage Rates Higher For Longer
The March inflation report came in hotter than expected, which means the Fed is highly unlikely to cut interest rates in June–and could mean the Fed only cuts rates once this year. The news is already...
View ArticleClik here to view.
Over One-Quarter of Recent Homebuyers Have No Idea How Much Their Agent Was...
Nearly 20% of recent buyers have no idea who paid their agent and how the amount was determined. 39% of homeowners with plans to sell think a 3% buyer’s agent commission seems high, but nearly the...
View ArticleClik here to view.
Housing Market Update: Monthly Payments Set New Record–and Buyers’ Costs Will...
Daily average mortgage rates reached their highest level in nearly five months following Wednesday’s hotter-than-expected inflation report, which will likely keep mortgage rates elevated for the...
View ArticleClik here to view.
Nearly 40% of Renters Think They’ll Never Own a Home, Up From 27% Last Year
Rising home prices and mortgage rates are making it harder to believe in the American dream of homeownership. Lack of affordability is the most commonly cited reason renters don’t believe they’ll ever...
View ArticleClik here to view.
70% of Florida Homeowners Have Seen Rise in Insurance Costs or Changes in...
12% of Florida respondents who have faced insurance changes have been dropped by their insurance company—an increasingly common trend as insurers back out of flood-prone areas. The share is almost as...
View ArticleClik here to view.
Nearly Half of Biden Voters Want to Live in a Place Where Weed Is Legal. Only...
High earners, college grads and remote workers were all more likely than the typical survey respondent to say they want to live somewhere with legal weed. Over half of LGBTQ+ respondents want to live...
View ArticleClik here to view.
Housing Market Update: The Cost of Buying a Home Hits New Record As Mortgage...
Daily average mortgage rates jumped to their highest level since last November after last week’s disappointing inflation report. Persistently high home prices are exacerbating affordability challenges...
View ArticleClik here to view.
The Typical U.S. Luxury Home Costs More Than Ever Before
Luxury home prices in the first quarter rose 9% year over year, twice as fast as non-luxury prices. Sales of luxury homes rose 2%, compared to a 4% decline in sales for non-luxury homes. Luxury sales...
View ArticleClik here to view.
Redfin Home Price Index: Price Growth Stabilizes in March, With Prices Up...
Price growth is leveling off as elevated mortgage rates strain buyer budgets, but prices are still at historic highs because there aren’t enough homes for sale. U.S. home prices climbed 0.6% from a...
View ArticleClik here to view.
Nearly 40% of Homeowners Couldn’t Afford Their Home If They Were to Buy It Today
Many U.S. homeowners couldn’t afford to buy their home if they were to purchase it today because home prices have doubled over the last decade, and monthly housing costs are at an all-time high due to...
View ArticleClik here to view.
Housing Market Update: Buying a Home Costs More Than Ever, With Prices...
The median U.S. home price rose 5.2% year over year this week, and mortgage rates hit their highest level since November 2023. Prices continue to rise partly because there are still serious buyers...
View ArticleClik here to view.
Home Prices Stagnate in Florida and Texas as Supply Soars
The number of homes for sale in Cape Coral, FL and North Port, FL surged roughly 50% from a year earlier in March—more than anywhere else in the country. And in McAllen, TX, supply jumped 25%. Housing...
View ArticleClik here to view.
Nearly 1 in 5 People Who Plan to Vote for Trump Want to Live in a Place Where...
A similar share of Trump voters want to live in a place that has laws allowing discussion of LGBTQ topics in schools and laws ensuring equality based on gender or sexual orientation. Over half of...
View ArticleClik here to view.
Today’s Fed Meeting Unlikely to Send Mortgage Rates Up or Down
In their May 1 meeting, the Fed held interest rates steady and didn’t take the possibility of rate cuts later this year off the table. For homebuyers, the meeting shouldn’t move the needle on mortgage...
View ArticleClik here to view.
Housing Market Update: For the First Time in Nearly 2 Years, There’s No Major...
Inventory is below typical April levels, driving home prices up. Continually rising mortgage rates are further eroding affordability–and this week’s Fed meeting confirmed that mortgage rates are likely...
View ArticleClik here to view.
Ask Redfin Launches Nationwide, Helping House Hunters Get Quick Answers to...
The AI-powered tool is available to all Redfin iPhone app users across the U.S. Since its beta launch on March 7, Ask Redfin has made house hunting a little easier—and now all people searching via the...
View ArticleClik here to view.
The Pool of People Taking Out Mortgages In America Is Becoming Less White
White people took out 62% of new mortgages last year, down from 64% in 2022 and 70% in 2018. Meanwhile, the share taken out by Hispanic, Black and Asian buyers ticked up. People of color are taking...
View ArticleClik here to view.
Mortgage Rates Are Likely to Decline Slightly With Soft April Jobs Report
The April jobs report is a step in the right direction for homebuyers. It should cause mortgage rates to decline slightly, and it puts 2024 rate cuts more solidly on the table–but the next inflation...
View Article