Housing Market News
Affordability
Homebuyers Hold the Negotiating Power In 38 Major Metros, Up From 29 Last Year
Nationally, sellers outnumber buyers by 43%—just shy of the largest gap in records dating back to 2013. When sellers outnumber buyers, the buyers who are
A Record 34% of February Home Sellers Cut Their List Price
February home sellers who cut their price lowered it by $41,000, on average, or 7.3%. Home sellers in Texas and Florida were most likely to
Cleveland Remains a Beacon of Affordability for Homebuyers
As many Americans consider buying a home this spring, they may want to take a closer look at the Cleveland metro area. Not only is
U.S. Home Prices Barely Budged in February
Home prices rose 0.1% month over month on a seasonally adjusted basis—the slowest growth in seven months. Prices fell in 16 major metros, with the
There Are 630,000 More Home Sellers Than Buyers—the Biggest Gap on Record
When sellers outnumber buyers, the buyers who are in the market have bargaining power. In other words, it’s a buyer’s market. The strongest buyer’s markets
The Top 20% of Earners Hold Nearly 60% of America’s Real Estate Wealth
By comparison, the bottom 20% of U.S. earners hold just 5% of real estate wealth. The top 1% of earners in America hold 12.7% of
Just 13% of Homebuyers Say Stock Market Volatility From Coronavirus Has Impacted Their Ability to Buy
Declines felt more acutely in tech hubs like the Bay Area, where more than a quarter of homebuyers report volatility has impacted their ability to afford a down payment
The Most and Least Affordable Housing Markets for a Renter to Become a Homeowner
The typical renter household could afford half of the homes in only five of the nation’s largest markets in 2019
Mortgage Rates Driven to Historic Lows by the Coronavirus Amp Up Homebuyer Purchasing Power
A dramatic drop in mortgage interest rates, driven by coronavirus fears, has given homebuyers a big boost in purchasing power in recent weeks.
Homebuyers Flock to Four Cities for Affordable Land and Growing Salaries
Spokane, Las Vegas, Charlotte, and Orlando will be the hottest metros among affordability-seeking homebuyers in the coming decade As expensive coastal metros struggle to find
Survey: What Do First-Time Homebuyers Want From the Government? Lower Interest Rates
Lower interest rates beat out tax credits, easier lending standards, and increased home construction according to a new Redfin survey Interest rates are currently at
Survey: Homebuyers and Sellers Feel That Rising Home Prices Have Made Their Lives Worse
Nearly half of respondents said rising home prices over the past decade have made their life worse, while just 16% said rising home prices made
