Housing Market News
Affordability
Homebuyers Are Scoring the Biggest Discounts in 13 Years
The typical buyer who scored a home for below the list price in 2025 got a 7.9% discount—the largest since 2012. 1 in 4 buyers
More Gen Zers are Buying Homes. But It’s a Trickle, Not a Flood.
Homeownership for young Americans is a mixed bag. The homeownership rate for Gen Zers and millennials is ticking up, but both generations are tracking behind
Homebuyers Are Canceling Deals at the Highest Rate on Record
Over 40,000 U.S. home-purchase agreements were canceled in December, equal to 16.3% of homes that went under contract that month—the highest December percentage in records
Home Sellers Outnumber Buyers By a Record Margin, Upping Buyers’ Bargaining Power
There were a record 47% more home sellers than buyers in December, giving the buyers who were in the market negotiating power. The Sun Belt
Trump’s Mortgage Bond Order Pushes Rates Below 6% For First Time in Nearly 3 Years, Boosting Purchasing Power
Purchasing power has increased $30,000 in the last six months, with rates falling below 6% the day after President Trump ordered a $200 billion mortgage
The U.S. Housing Market Has 37% More Sellers Than Buyers—More Than Double Last Year’s Gap
Summer 2025 was the only time in records dating back to 2013 that sellers outnumbered buyers by a larger percentage. This mismatch means it’s a
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
