Homebuyers Lost Six Figures Worth of Spending Power This Year As Mortgage Rates Doubled
Raising rates is necessary to fight inflation, but buyers may need to get creative to afford a home with high monthly mortgage payments. A homebuyer
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.
Raising rates is necessary to fight inflation, but buyers may need to get creative to afford a home with high monthly mortgage payments. A homebuyer
High mortgage rates, persistent inflation and economic uncertainty are cooling down expensive markets like Seattle and San Jose, along with pandemic homebuying hotspots like Las
High mortgage rates, persistent inflation and economic woes are making expensive parts of the country less attractive and relatively affordable places more popular. Migration out
The share of U.S. homes bought with all cash is down slightly from the peak reached earlier this year as the market cools, but still

Home prices are down 6% from the record high they reached in June, bidding wars are at their lowest level in more than two years
Inflation is hitting young renters hard because the cost of rent and other expenses has increased much faster than their incomes. Millennials who took on
Raising rates is necessary to fight inflation, but buyers may need to get creative to afford a home with high monthly mortgage payments. A homebuyer
High mortgage rates, persistent inflation and economic uncertainty are cooling down expensive markets like Seattle and San Jose, along with pandemic homebuying hotspots like Las
High mortgage rates, persistent inflation and economic woes are making expensive parts of the country less attractive and relatively affordable places more popular. Migration out
The share of U.S. homes bought with all cash is down slightly from the peak reached earlier this year as the market cools, but still

Home prices are down 6% from the record high they reached in June, bidding wars are at their lowest level in more than two years
Inflation is hitting young renters hard because the cost of rent and other expenses has increased much faster than their incomes. Millennials who took on