
Housing Market Update: Home Prices Post Small Increase as Mortgage-Rate Drop Attracts Buyers
An increase in home searches and tours at the end of 2022 is starting to translate into purchases as mortgage rates fall. Mortgage applications are
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.

An increase in home searches and tours at the end of 2022 is starting to translate into purchases as mortgage rates fall. Mortgage applications are

The typical home is taking longer to sell than any period since April 2020 and pending sales are at a record low, but online home

The homes that are selling are going for about the same price as a year earlier, with nationwide prices up just 0.5% year over year–smaller

The supply of homes for sale posted a record year-over-year increase this week as homes linger on the market. But some buyers are making their

Redfin agents report some buyers are resuming their search as home prices and rates fall from their peak, but the uptick in house hunting hasn’t

High mortgage rates are motivating affluent buyers to avoid loans and pay in cash. FHA loans are also making a comeback as a slowdown in

An increase in home searches and tours at the end of 2022 is starting to translate into purchases as mortgage rates fall. Mortgage applications are

The typical home is taking longer to sell than any period since April 2020 and pending sales are at a record low, but online home

The homes that are selling are going for about the same price as a year earlier, with nationwide prices up just 0.5% year over year–smaller

The supply of homes for sale posted a record year-over-year increase this week as homes linger on the market. But some buyers are making their

Redfin agents report some buyers are resuming their search as home prices and rates fall from their peak, but the uptick in house hunting hasn’t

High mortgage rates are motivating affluent buyers to avoid loans and pay in cash. FHA loans are also making a comeback as a slowdown in