Housing Market Update: Economic Woes Exacerbate Slowdown as Rates Reach 20-Year High
Housing-market activity is plunging further this fall than it did over the summer as mortgage rates near 7% and the topsy-turvy economy deters would-be buyers
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.
Housing-market activity is plunging further this fall than it did over the summer as mortgage rates near 7% and the topsy-turvy economy deters would-be buyers
The combination of skyrocketing home prices and intense competition prompted many buyers to up their down payments during the pandemic. But as the housing market
Rising rates, combined with home prices that are still higher than they were a year ago, have cut more than 400 square feet out of
Chicago, Albany and Milwaukee are among the housing markets holding up better than others as the U.S. faces high mortgage rates and an uncertain economy.
A recent Redfin survey found that most homebuyers and sellers would prefer living in a place where abortion is legal, up significantly from before the
Just over 4 in 10 Redfin home offers faced competition in August, down significantly from a year earlier as 6% mortgage rates price buyers out
Housing-market activity is plunging further this fall than it did over the summer as mortgage rates near 7% and the topsy-turvy economy deters would-be buyers
The combination of skyrocketing home prices and intense competition prompted many buyers to up their down payments during the pandemic. But as the housing market
Rising rates, combined with home prices that are still higher than they were a year ago, have cut more than 400 square feet out of
Chicago, Albany and Milwaukee are among the housing markets holding up better than others as the U.S. faces high mortgage rates and an uncertain economy.
A recent Redfin survey found that most homebuyers and sellers would prefer living in a place where abortion is legal, up significantly from before the
Just over 4 in 10 Redfin home offers faced competition in August, down significantly from a year earlier as 6% mortgage rates price buyers out