Housing Market
All Reports
June 17, 2022
Home sales fell in May for only the second time on record, while home prices saw the smallest May increase on record.
June 17, 2022
Surging mortgage rates and home prices are causing more buyers to back off. That means sellers are less likely to receive multiple offers—but they’ll also face less competition when they buy their next home. Nationwide, 57.8% of home offers written by Redfin agents faced competition on a seasonally adjusted basis in May, the lowest level […]
June 16, 2022
Rising mortgage rates and the Fed’s actions to combat inflation are likely to further stretch homebuyer budgets and encourage more homeowners to stay put.
June 15, 2022
Surging borrowing costs and home prices prompted real estate investors to pump the brakes in the first quarter. Many are hoping prices will drop so they can get better deals. Still, investors bought a record 20% of homes sold in metros tracked by Redfin as a slowdown in homebuying nationwide allowed them to continue growing […]
June 13, 2022
Slowing budget growth indicates that home-price growth will slow in the coming months, too. Homebuyer budgets are essentially flat from last year, up just 0.3% year over year nationwide in the three months ending April 30, the slowest growth rate since June 2020. That’s according to an analysis of the average maximum price set by […]
