Housing Market News
Affordability
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
Monthly Mortgage Payments Are Falling in 12 of the 50 Most Populous U.S. Metros, Mostly in the Bay Area, Florida and Texas
Monthly mortgage payments are declining in some parts of the country as homebuying demand slows amid widespread economic uncertainty. The silver lining for buyers in
The Typical Home Seller Wants $39,000 More Than the Typical Buyer Is Willing to Pay
The $469,729 median asking price is 9% higher than the $431,057 median sale price—the largest gap since 2020. Market dynamics have shifted in favor of
U.S. Home Prices Ticked Up 0.2% in March, the Slowest Pace Since 2022
Home prices ticked up 0.2% month over month in March, the slowest pace since December 2022. On a year-over-year basis, home prices rose 4.6%, down
44% of Home Sellers Are Giving Concessions to Buyers—Just Shy of the Highest Level on Record
More sellers are offering concessions as rising housing costs and economic uncertainty make buyers nervous, and housing supply hits a five-year high. In Seattle, 71%
Homebuyers Need to Earn Over $50,000 More Than Renters to Afford Monthly Payments—And the Gap Is Widening
Americans need an annual income of $117,000 to afford the typical home for sale. That’s 82% more than they need for the typical rental, up
1 in 5 Homebuyers Expect to Sell Stocks to Fund Down Payment: Redfin Survey
Homebuyers are more likely than renters to use stock investments to pay for housing, according to a Redfin survey. With stock values dropping, would-be homebuyers
