Redfin Home Price Index: Price Growth Slowed for Third Straight Month in November as Supply Crunch Eased
U.S. home prices rose 0.6% from a month earlier, the smallest increase since June, as a jump in homes for sale gave buyers more options.
As a data journalist, Lily is passionate about helping readers understand complex facets of the housing market. She is particularly interested in the issues of climate change, race and gender equality and housing affordability. Prior to working at Redfin, Lily spent four years as a reporter at Bloomberg News in New York City.
U.S. home prices rose 0.6% from a month earlier, the smallest increase since June, as a jump in homes for sale gave buyers more options.
More homes are changing hands as mortgage rates drop and buyers and sellers see more eye to eye on price. Still, deals are falling through
The median U.S. asking rent fell 2% year over year in November—the biggest decline since 2020—as landlords grappled with rising vacancies due to a building
A homebuyer with the median U.S. income would’ve had to spend a record 41% of earnings on monthly housing costs in 2023, up from 39%
Nationwide, there are fewer homebuyers looking to relocate than a year ago due to elevated mortgage rates and high housing costs. But many of the
Redfin’s new gauge of housing prices, which is similar to but more current than the Case-Shiller index, shows that home prices rose roughly 1% month
U.S. home prices rose 0.6% from a month earlier, the smallest increase since June, as a jump in homes for sale gave buyers more options.
More homes are changing hands as mortgage rates drop and buyers and sellers see more eye to eye on price. Still, deals are falling through
The median U.S. asking rent fell 2% year over year in November—the biggest decline since 2020—as landlords grappled with rising vacancies due to a building
A homebuyer with the median U.S. income would’ve had to spend a record 41% of earnings on monthly housing costs in 2023, up from 39%
Nationwide, there are fewer homebuyers looking to relocate than a year ago due to elevated mortgage rates and high housing costs. But many of the
Redfin’s new gauge of housing prices, which is similar to but more current than the Case-Shiller index, shows that home prices rose roughly 1% month