Housing Market
All Reports
February 18, 2022
A record 57% of homes sold in two weeks and the typical monthly mortgage payment soared to a new high, approaching $2,000.
February 16, 2022
Investors bought 18.4% of the U.S. homes that were purchased in the fourth quarter, a record high. Investor demand is stronger than ever as home prices increase, allowing investors to charge higher rents and sell flipped homes for higher prices. Real estate investors bought roughly 80,000 U.S. homes worth a total of $50 billion in […]
February 10, 2022
People who need to move now are pinched by rising mortgage rates, sky-high home prices and rising rents.
February 10, 2022
Demand for second homes hit its highest level in a year in January, with affluent Americans locking in mortgage rates before they increase further. Meanwhile, demand for primary residences was up 42% from pre-pandemic levels. Homebuyer demand for second homes was up 87% from pre-pandemic levels in January, the highest level in a year and […]
Homebuyers on a $2,000 Monthly Budget Stand to Lose $13,750 in Spending Power as Mortgage Rates Rise
February 9, 2022
Redfin economists predict mortgage rates will hit 3.9% by the end of the year. At that level, homebuyers could afford a $382,250 home on $2,000 per month, down from $396,000 at today’s mortgage rate. Austin, Atlanta and Phoenix—all popular migration destinations—would see among the biggest drops in the share of homes affordable on a $2,000 […]
