Housing Market News
Affordability
The Oldest Americans Held More Real Estate Wealth Than Ever Before In 2025
For the first time, the oldest Americans (70+) held a larger share of real estate wealth than middle-aged Americans (40-54). The 70+ age group is
Back on the Market: Relistings Jump as Home Sellers Bet on Stronger Spring Market
Nearly 45,000 sellers who delisted their homes last year relisted them in January—the highest January number in records dating back a decade. This could further
Half of Americans Struggle to Pay Rent or Mortgage, With Gen Z Hit Hardest
A higher share of Americans struggle to afford housing than last spring, according to a Redfin survey. The most common sacrifices Americans make to afford
Mortgage Rates Drop to Lowest Level Since 2022, Handing Homebuyers More Purchasing Power
Along with more purchasing power, house hunters have negotiating power as sellers greatly outnumber buyers. The daily average mortgage rate dropped to 5.99% on February
It’s a Buyer’s Market: America Has 44% More Home Sellers Than Buyers—a Near-Record Gap
There are 600,000 more home sellers than buyers, giving the buyers who are in the market negotiating power. Only five metro areas are seller’s markets,
U.S. Home Prices Crept Up 0.3% in January
U.S. home prices rose 0.3% from a month earlier in January on a seasonally adjusted basis, and increased 2.1% year over year. Prices fell month
Moved By Fear: 18% of Home Hunters Say Safety/Crime is a Reason They’re Moving, 14% Cite Climate Risks
17.5% of respondents who plan to move in the next year cited a concern for safety/crime as one of the reasons why, while 13.7% cited
U.S. Home Prices Rose 0.5% in October, Marking a Year of Consistent Growth
Home prices grew 0.5% month over month in October, rising at the same pace as September. It was the 12th consecutive month with price growth
Most People Earning Under $50,000 Struggle to Afford Housing. Nearly One-Quarter of Them Have Skipped Meals to Make Their Payments.
Most U.S. residents who earn less than $50,000 struggle to afford their mortgage or rent payments, according to a recent Redfin-commissioned survey. Of those earning
Real Estate Agent Commissions Hold Steady Since New Industry Rules Were Implemented
Buyer’s agent commissions for closed home sales in October were 2.34% compared to 2.35% in August, when industry-wide changes were implemented following the NAR settlement.
Young Homeowners Are Much More Likely Than Young Renters to Say They’re Financially Better Off Than 4 Years Ago
69% of millennial/Gen Z homeowners are better off than they were four years ago, compared with 52% of millennial/Gen Z renters, a Redfin survey found.
Homebuyers Lose $33,000 in Purchasing Power in 6 Weeks As Mortgage Rates Hit 7%
Daily average mortgage rates have increased by nearly a whole percentage point since mid-September, bruising homebuyers’ budgets. The jump in rates comes just one week
