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
Tariffs Push Mortgage Rates Down, Upping Homebuyers’ Purchasing Power While Amping Economic Uncertainty
Mortgage rates have dropped to their lowest level in six months in the aftermath of President Trump’s newly announced tariffs. For weary homebuyers who have
68% of Condos Sold Below List Price in February—the Highest Share in 5 Years
The condo market has been slowing due to surging insurance costs and HOA fees, which have priced many buyers out. It has also become more
Big City Comeback: Homebuyer Competition Is Rising Fastest in the Bay Area, New York
57% of homes in San Francisco sold above their list price in February, up from 50% a year earlier—the biggest jump among the top 50
Gen Z and Millennial Homeownership Rates Flatlined in 2024 As Housing Costs Soared
Young Americans are also tracking behind their parents’ generations; for instance, 33% of 27-year-olds own their home today, compared to 40% of baby boomers when
The Typical U.S. Homeowner Stays Put For 11.8 Years. In Parts of California, It’s Closer to 20 Years.
The typical Los Angeles homeowner stays put for 19.4 years, longer than any other U.S. metro and the longest span on record for the area.
America’s Wealthiest 1% Could Buy 99% of America’s Homes
The combined net worth of America’s wealthiest 1% has grown to a record $49.2 trillion, almost the same as the combined value of all the
