The share of homeowners who are “in the money” for a refinance has hit its highest level in over four years as mortgage rates dip to around 6%. But less than 1 in 10 eligible homeowners have refinanced, even though they stand to save money. One in five (19.8%) U.S. homeowners with a mortgage could […]
After several months of declines, new listings are posting a small improvement. Sellers are betting on mortgage rates that are closer to 6% than 7% bringing buyers off the sidelines. New listings of U.S. homes for sale rose 0.5% from a year earlier during the four weeks ending March 8, the first increase since November. […]
The majority of Americans say the military conflict with Iran isn’t impacting their plans to buy a home or car, per a new Redfin survey. The Iran conflict has a smaller impact than tariffs or concerns about job security on purchase plans. The impact of October’s government shutdown was similar. One-quarter (25%) of Americans are […]
Nearly 45,000 sellers who delisted their homes last year relisted them in January—the highest January number in records dating back a decade. This could further boost housing supply, enabling homebuyers to score even bigger discounts than they’re already getting. Relistings are most common in pricey West Coast markets like the Bay Area, and least common […]
High prices and economic uncertainty kept demand muted; now, rates are already rising again and global tensions could add to homebuyer hesitation. The median monthly housing payment was $2,591 during the four weeks ending March 1, down 2.8% year over year. Payments are falling largely thanks to the weekly average mortgage rate dropping to 5.98% […]
Investor activity is sluggish on a national level, with purchases rising just 2%—but it varies widely from metro to metro. In Seattle, investor purchases jumped 37% year over year in the fourth quarter—the biggest gain among the metros Redfin analyzed. Orlando posted the biggest decline, down 16%. U.S. investors bought more single-family homes, and waded […]