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
California Fails the Affordability Test for Teachers
17 percent of California homes for sale are affordable on the average teacher salary
Affordability Is Homebuyers’ Biggest Concern, Particularly Among Millennials
A Redfin survey of more than 1,800 buyers revealed that many were driven to the market by high rent, even as homebuyers’ biggest concern was affordability.
Homebuyers’ Biggest Worries Are Cost and Competition
A Redfin survey finds that high prices, bidding wars, and an expensive rental market are top-of-mind for homebuyers this spring.
Mortgage Rates Are Low, So Why Aren’t Homes Affordable? The Conundrum of Cheap Money
It’s never been cheaper to borrow money. That’s made homeownership more affordable, but not nearly as much as you’d think.
Student Debt And Millennial Homeowners—Maybe They Can Live Together After All
The numbers challenge conventional wisdom that college grads with loans aren’t buying houses
One in Four Homebuyers Cites High Rent as Reason for Buying
One in four homebuyers is looking to purchase because their rent is too high, according to a Redfin survey of 750 homebuyers this month. That’s
