Home Prices Hit Another Record High, Pushing Pending Sales Down 4%
Prices keep rising because this spring’s inventory is lower than usual. The sliver of good news for buyers is that mortgage rates have declined slightly.
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.
Prices keep rising because this spring’s inventory is lower than usual. The sliver of good news for buyers is that mortgage rates have declined slightly.
The share of houses for sale that are brand new is hovering at a level that’s nearly double the pre-pandemic rate. One-third (33.4%) of single-family
2 in 5 new mortgages issued last year went to buyers under 35, and 27% went to buyers aged 35-44. Young people take out the
Pending home sales are down and new listings are flat during a time of year when they typically rise. But this week’s softer-than-expected inflation report
Demand for second-home mortgages fell twice as fast as mortgage demand for primary homes, as housing costs rose to new heights. An early look at
High home prices and rates sent home sellers and buyers to the sidelines in April and the start of May. But last week’s encouraging economic
Prices keep rising because this spring’s inventory is lower than usual. The sliver of good news for buyers is that mortgage rates have declined slightly.
The share of houses for sale that are brand new is hovering at a level that’s nearly double the pre-pandemic rate. One-third (33.4%) of single-family
2 in 5 new mortgages issued last year went to buyers under 35, and 27% went to buyers aged 35-44. Young people take out the
Pending home sales are down and new listings are flat during a time of year when they typically rise. But this week’s softer-than-expected inflation report
Demand for second-home mortgages fell twice as fast as mortgage demand for primary homes, as housing costs rose to new heights. An early look at
High home prices and rates sent home sellers and buyers to the sidelines in April and the start of May. But last week’s encouraging economic