Home Sales Slumped 35% in November, the Biggest Decline on Record
A surge in mortgage rates in early November caused sales and prices to slow, but there are early signs that demand may be creeping back
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.
A surge in mortgage rates in early November caused sales and prices to slow, but there are early signs that demand may be creeping back
Rents are growing at half the pace they were in the summer and are expected to keep cooling, which should help bring down overall inflation.
Pandemic boomtowns including Sacramento, Austin and Phoenix saw the biggest jump in delistings as prohibitively high housing costs dampened buyer demand. A record 2% of
Redfin believes in giving back to our communities, taking part in philanthropic causes, and providing social value – all while helping to broaden the scope
Investors are pumping the brakes—especially in pandemic boomtowns including Phoenix and Las Vegas—as economic uncertainty and the prospect of falling home prices raise the risk
The historic slowdown may ease in the coming months if inflation continues to cool. Pending home sales fell the most on record in October and
A surge in mortgage rates in early November caused sales and prices to slow, but there are early signs that demand may be creeping back
Rents are growing at half the pace they were in the summer and are expected to keep cooling, which should help bring down overall inflation.
Pandemic boomtowns including Sacramento, Austin and Phoenix saw the biggest jump in delistings as prohibitively high housing costs dampened buyer demand. A record 2% of
Redfin believes in giving back to our communities, taking part in philanthropic causes, and providing social value – all while helping to broaden the scope
Investors are pumping the brakes—especially in pandemic boomtowns including Phoenix and Las Vegas—as economic uncertainty and the prospect of falling home prices raise the risk
The historic slowdown may ease in the coming months if inflation continues to cool. Pending home sales fell the most on record in October and