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Financing Trends

Typical Homebuyer’s Down Payment Falls to $64,000 As Americans Hold Onto Cash

The typical U.S. homebuyer’s down payment fell to $64,000 in March, down 1.5% year over year.  In percentage terms, the typical down payment was 15%, down from 16.1% last year.  Down payment percentages were highest in three California metros: San Jose, San Francisco, and Anaheim (25% each).  They were lowest in Virginia Beach (2%) and […]

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Introducing the New & Improved Redfin Data Center

Monthly housing market data is now available sooner New metrics—including home purchase cancellations, price drops, financing trends, and luxury and starter home data—are now available for direct download Seasonally adjusted data is now the default, helping remove noise and reveal underlying trends We’ve launched a new and improved Redfin Data Center to give you faster

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San Francisco’s Luxury Home Sales Jump 22% As Median Price Nears $7M

Luxury home sales are surging in San Francisco, the epicenter of the AI boom, pushing the median sale price to the highest March level on record.  Tight supply is another factor pushing up San Francisco’s luxury prices; active listings are down roughly 15% year over year.  San Francisco’s luxury housing market is greatly outperforming the

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More Homeowners Are Putting Up ‘For Sale’ Signs As the Days Get Warmer

We’re seeing a small spring rebound, with new listings of homes for sale ticking up. New listings of U.S. homes for sale rose 3% year over year during the four weeks ending April 19, the biggest increase since November.  Pending home sales fell 1.2% year over year, the smallest decline in about a month. Mortgage-purchase

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This Spring’s Housing Market Is Unseasonably Slow As Iran War, High Costs Curb Demand

Pending home sales are declining and touring activity is slumping.  U.S. pending home sales fell 4.1% from a year earlier during the four weeks ending April 12, the biggest decline in over a year.  Sales fell in all but seven of the 50 biggest U.S. metro areas, with the biggest declines in Providence, RI (-17.5%),

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