Housing Market
All Reports
February 27, 2026
21% of U.S. mortgaged homeowners have a rate of 6% or higher, the highest share in a decade. 20% have a rate under 3%, the lowest share in 5 years. The shift in mortgage-rate distribution reflects the fact that rates have been above 6% for nearly 4 years. Redfin economists say this could be an […]
February 26, 2026
Lower rates haven’t yet brought homebuyers off the sidelines, but hope is in the air as we approach spring. The weekly average mortgage rate has dropped to 6.01%, its lowest level since September 2022. That has pushed the median U.S. monthly housing payment down to $2,599, 2.6% lower than a year ago. Wages are nearly […]
February 25, 2026
The median age of first-time buyers dipped slightly from 2024 to 2025, from 36 to 35. For repeat buyers, the median age is 47, down from a peak of 52. Redfin determined the median age of homebuyers using U.S. Census Bureau data; this report includes a methodological dive into why our data differs from NAR’s. […]
February 24, 2026
Home-purchase agreements are canceled at the highest rate in San Antonio, where sellers outnumber buyers two to one–giving buyers the upper hand and plenty of choices. Nearly 40,000 home-sale agreements nationwide were canceled in January, equal to 13.7% of homes that went under contract that month. That’s up from 13.1% a year earlier, and the […]
February 24, 2026
A higher share of Americans struggle to afford housing than last spring, according to a Redfin survey. The most common sacrifices Americans make to afford housing are eating out less and skipping vacations. Some respondents are also delaying medical treatments to make rent or mortgage payments. Zooming in on Gen Zers, they make sacrifices including […]
