Housing Market Update: 2023 on Pace For Fewest Home Sales Since 2008 As Mortgage Rates Hit 8%
Redfin economists say this is likely to be the slowest sales year since the Great Recession as persistently high mortgage rates and low inventory spook
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.
Redfin economists say this is likely to be the slowest sales year since the Great Recession as persistently high mortgage rates and low inventory spook
Sky-high mortgage rates and still-rising home prices have made it harder than ever to afford a home, especially for first-time buyers. The typical buyer needs
New listings have inched up this fall, giving the buyers who remain in the market a few more homes to choose from. But many buyers
A homebuyer on a $3,000 monthly budget has lost nearly $40,000 in purchasing power over the last year, as mortgage rates have risen from around
One in five LGBTQ+ respondents felt they were discriminated against because of their sexual orientation. Nearly one-third (32%) of Black Americans who recently moved believe
Record-high monthly mortgage payments are motivating sellers to drop asking prices to attract buyers, who are unwilling to pay a dollar more than necessary for
Redfin economists say this is likely to be the slowest sales year since the Great Recession as persistently high mortgage rates and low inventory spook
Sky-high mortgage rates and still-rising home prices have made it harder than ever to afford a home, especially for first-time buyers. The typical buyer needs
New listings have inched up this fall, giving the buyers who remain in the market a few more homes to choose from. But many buyers
A homebuyer on a $3,000 monthly budget has lost nearly $40,000 in purchasing power over the last year, as mortgage rates have risen from around
One in five LGBTQ+ respondents felt they were discriminated against because of their sexual orientation. Nearly one-third (32%) of Black Americans who recently moved believe
Record-high monthly mortgage payments are motivating sellers to drop asking prices to attract buyers, who are unwilling to pay a dollar more than necessary for