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
Americans Have Gained $2 Trillion in Home Value During the Coronavirus Pandemic
The value of homes in the U.S. has surged 6.7% to $31.4 trillion since February despite skyrocketing unemployment triggered by the pandemic—further widening the wealth
In Areas at High Risk for Wildfires, Relative Affordability Lures Homebuyers
In the past eight years, the price difference between low-risk and high-risk areas has flipped—from a 2.5% premium in high-risk areas in 2012 to a
Condo Prices Climb 5.4% in August, Lagging 11.9% Growth for Single-Family Homes
Condos are facing relatively slow price growth as remote work, the desire for privacy and record-low mortgage rates make single-family homes more desirable during the coronavirus pandemic. But condos could make a comeback if single-family home prices continue to surge.
America’s Housing Shortage Is Intensifying During the Pandemic—Especially in Relatively Affordable Places Like San Antonio and Baltimore
Relatively affordable places including San Antonio and Baltimore have seen housing supply plummet, while San Francisco has experienced a flood of homes for sale as Americans flee dense, expensive cities
Homebuyers on a $2,500 Monthly Budget Can Afford $33,000 More With Low Mortgage Rates, But Higher Home Prices Cancel Out Increase
Historically low rates are motivating homebuyers even though prices were up 8.2% year over year in July, effectively cancelling out the increase in purchasing power.
A Quarter of San Francisco Home Sellers Are Dropping Their Prices, the Highest Rate on Record
San Francisco has seen a greater increase in price drops than any other U.S. metro, with the share of sellers slashing prices more than doubling from a year ago as the pandemic drives homebuyers out of the Bay Area.
