Housing Market News
Affordability
All-Cash Home Purchases Ended 2025 at Five-Year Low
29% of homebuyers paid with cash in December—the lowest share for that month since 2020—as a drop in mortgage rates diminished the benefits of paying
Homebuyer Down Payments Shrink for First Time in 5 Months
The typical homebuyer’s down payment dropped 1.5% year over year in December to $64,000 as elevated housing costs and increased negotiating power drove buyers to
64% of Single Americans Struggle to Afford Housing, Compared With 39% of Married People
Nearly half of single Americans earn less than $50,000 per year, compared to just 9% of married couples, according to a recent Redfin survey. That
Homebuyers Need to Earn $35,000 More Than Renters to Afford Monthly Payments. That’s the Smallest Gap in 3 Years.
Homebuyers need to earn $111,000 annually to afford the median-priced home, compared with $76,000 for renters. The median household income is $86,000. While that’s a
Affordability Is Improving: Buyers Must Earn $111,000 to Afford the Typical Home, Down 4% From Last Year
Homebuying affordability is improving nationwide after nearly five years during which it generally worsened. That’s because mortgage rates are lower and home-price growth is muted.
Austin, TX—Once Among the Nation’s Hottest Housing Markets—Is Now the Slowest
The typical Austin home that went under contract in December spent a record 106 days on the market, compared with 60 days nationwide. A decade
Homebuyer Interest in Rural Areas Rises, With Prices Up 11% in July
There’s more demand—and less supply—for rural and suburban neighborhoods than cities as the pandemic influences homebuyer preferences. Still, prices are up 6.7% in urban areas.
Homeownership Hits Highest Level Since 2008 Driven by Younger, First-Time Buyers
Many renters who were planning a purchase in the next few years, have opted to go ahead and buy now given historically low rates.
Prices of Affordable Homes Have Jumped 5.5% During the Pandemic
Prices of the most affordable third of homes in the U.S. climbed 5.5% year over year during the 12 weeks ending May 31, while prices of the most expensive third of homes increased just 2%.
Shortfall in New Supply of Homes for Sale Felt Most Acutely at the High End
Between mid-March and mid-April, the new supply of homes for sale over $1 million fell 29 points from the year prior.
Homebuyers Confront Credit Crunch as Coronavirus Puts Lenders on Edge
As the coronavirus pandemic sends shockwaves through the U.S. economy, banks are fighting financial uncertainty with stricter mortgage lending requirements, making it harder for house hunters to get their hands on home loans.
Stimulus Checks and Housing: How Far $1,200 Goes for Homeowners and Renters Across the US
More than three-quarters of US renters could pay one month’s worth of housing expenses with $1,200, compared with nearly half of homeowners.
