Housing Market
All Reports
February 24, 2023
Pending home sales improved slightly, but an ongoing affordability crisis and lack of homes for sale kept many house hunters on the sidelines. Pending home sales rose 0.5% from a month earlier in January on a seasonally-adjusted basis. That compares with December’s revised month-over-month increase of 1.4%, which was the first gain in 14 months. […]
February 23, 2023
As mortgage rates rise, serious homebuyers are scarce. But plenty of people are searching for homes online and touring them, waiting until rates decline to buy. The median U.S. home-sale price was $348,000 during the four weeks ending February 19, essentially unchanged (+0.1%) year over year. That’s the first time since at least 2015, when […]
February 22, 2023
The Bay Area housing market has lost more value in percentage terms than anywhere else in the country amid sluggish demand. Florida continues to see large gains. Home values are holding up better in the suburbs than in cities, which have seen an exodus of residents due to remote work. Millennials, who are now in […]
February 17, 2023
Redfin’s Homebuyer Demand Index is down slightly from last month as somewhat disappointing inflation and jobs reports cause mortgage rates to increase. But demand is still up from its November trough and pending home sales continue improving. Some homebuyers are retreating back to the sidelines as mortgage rates ascend toward 7%. Redfin’s Homebuyer Demand Index–a […]
February 15, 2023
Just over 31% of home purchases in December were made in cash, down slightly from the eight-year high hit in November. More than 15% of homebuyers taking out a mortgage used an FHA loan in December, the highest share since May 2020, as buyers gain negotiating power in the cool market. Roughly 7% of mortgaged […]
