Housing Market News
Affordability
U.S. Home Prices Continue Their Ascent, Even as High Costs Deter Homebuyers
Home prices grew 0.5% in April, the sixth consecutive month of similar increases. Elevated mortgage rates are curbing homebuyer demand, but prices continue to tick
Low-Income Americans Have Lost the Homebuying Progress They Made During the Pandemic
Roughly 1 in 5 new mortgages went to low-income homebuyers in 2023, down from 23% in 2020. Meanwhile, high-income buyers have gained share because they’re
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,
Redfin Home Price Index: Price Growth Stabilizes in March, With Prices Up 0.6% From a Month Earlier
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
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
Skipping Meals and Working Overtime: The Sacrifices Americans Make to Afford Housing
Half of homeowners and renters struggle to afford their housing payments, a recent Redfin survey found. Roughly 1 in 5 people who struggle to afford
Homes in Highly Rated School Zones Cost 35% More Than the Average U.S. Home. But the Premium Is Much Smaller in Some Parts of the Country.
The typical U.S. home located in a highly rated school zone costs $580,000, which is 35% more than $430,000 for the typical home overall, regardless
Housing and Childcare Consume More Than Half of the Typical U.S. Family’s Income–But Costs Vary Widely by Metro
Where a family lives can change the affordability equation: housing and childcare consume 40% of the typical working family’s income in Little Rock, compared with
First-Time Buyers Catch a Break As Affordability For U.S. Starter Homes Improves Slightly Faster Than Overall Market
Starter-home affordability is improving: The income needed to afford a typical U.S. starter home is down 1.5% from a year ago, marking eight straight months
The Income Needed to Afford Typical American Home Holds Steady Near Record High of $110,000
Housing costs keep rising, but so do incomes, leaving the income required to afford a home largely unchanged from last year’s record high. The income
From Bust to Boom: San Francisco Home Prices Are Now $1 Million Higher Than Housing-Crash Bottom
San Francisco’s median home-sale price dropped to a low of $625,000 in the aftermath of the Great Recession; since then, it has risen over $1
Affordable, Inland College Towns Buck National Trends, Seeing Double-Digit Home Price Growth and Fast Sales
Morgantown, WV, Syracuse, NY and Tuscaloosa, AL, lead U.S. college towns in home-price growth, all posting double-digit year-over-year climbs. The most expensive college towns—Santa Barbara,
