Housing Market
All Reports
June 8, 2023
New listings have hit their lowest level of any early June on record, limiting home sales and keeping prices afloat. But many buyers are still touring homes, indicating that we’ll see pent-up demand when mortgage rates fall and supply improves. New listings of homes for sale fell 25% from a year earlier during the four […]
June 7, 2023
All-cash home purchases reached their highest level since 2014 in April as high mortgage rates drove down overall home sales more than all-cash sales. The typical buyer’s down payment dropped 18% from a year earlier, one of the biggest declines since the start of the pandemic. The share of buyers using FHA loans reached its […]
June 1, 2023
Mortgage rates hitting a 7-month high and limited listings are sidelining homebuyers, but many are ready to pounce when rates decline and more homes hit the market. The silver lining of low inventory is that it’s propping up prices for the sellers who do list their homes. Pending home sales fell 17% from a year […]
May 31, 2023
That outpaced a 41% drop in overall home purchases. Investors retreated as rising interest rates and falling home values shrank potential profits. Still, investors bought up 18% of homes that sold. That’s down from a peak of 20% a year earlier but is higher than pre-pandemic levels. Investors gravitated toward low-priced homes and condos; starter […]
May 25, 2023
Monthly housing payments hit a new record high this week as mortgage rates jumped, pricing out many homebuyers, especially those with limited budgets. But Redfin agents report that many serious buyers are used to high rates and remain in the market. Housing payments hit a new high this week as mortgage rates jumped due to […]
