Record Home Prices, High Mortgage Rates Push Pending Sales Down for Fourth Straight Week
High housing costs and economic instability are driving would-be buyers away. The median U.S. home-sale price hit a record $400,894 during the four weeks ending
As a data journalist at Redfin, Dana Anderson writes about the numbers behind real estate trends. Redfin is a full-service real estate brokerage that uses modern technology to make clients smarter and faster. For more information about working with a Redfin real estate agent to buy or sell a home, visit our Why Redfin page.
High housing costs and economic instability are driving would-be buyers away. The median U.S. home-sale price hit a record $400,894 during the four weeks ending
35 of the 50 most populous U.S. metros were buyer’s markets in May, led by places in the Sun Belt. There are nearly half a
Closed home sales jumped in May, reflecting April’s dipping mortgage rates and a strong labor market. But pending home sales were flat, a real-time reflection
Would-be home sellers are stepping back as high rates and economic jitters keep buyers on the sidelines. New listings of U.S. homes for sale are
More sellers are delisting in today’s buyer’s market as their homes sit on the market longer than they’d like and/or they’re unable to fetch the
The typical U.S. homebuyer’s down payment fell to $64,000 in March, down 1.5% year over year. In percentage terms, the typical down payment was 15%,
High housing costs and economic instability are driving would-be buyers away. The median U.S. home-sale price hit a record $400,894 during the four weeks ending
35 of the 50 most populous U.S. metros were buyer’s markets in May, led by places in the Sun Belt. There are nearly half a
Closed home sales jumped in May, reflecting April’s dipping mortgage rates and a strong labor market. But pending home sales were flat, a real-time reflection
Would-be home sellers are stepping back as high rates and economic jitters keep buyers on the sidelines. New listings of U.S. homes for sale are
More sellers are delisting in today’s buyer’s market as their homes sit on the market longer than they’d like and/or they’re unable to fetch the
The typical U.S. homebuyer’s down payment fell to $64,000 in March, down 1.5% year over year. In percentage terms, the typical down payment was 15%,