Housing Market
All Reports
March 3, 2026
Homeowner tenure peaked at 13.4 years in 2020, roughly doubling the average tenure from 2005. Then it declined marginally for four years before ticking up in 2025. People hanging onto their houses can be an obstacle for first-time homebuyers because it limits inventory and pushes up prices. Tenure is longest in California, largely because state […]
March 2, 2026
Luxury pending home sales in West Palm Beach posted a larger gain than any other major metro in January, rising almost six times faster than non luxury sales. Luxury prices jumped 11%—more than double the national gain. West Palm Beach, which some call “Wall Street South,” has seen its luxury market skyrocket due to an […]
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. […]
