Housing Market
All Reports
February 15, 2023
Investor home purchases fell a record 46% year over year in the fourth quarter. Investors bought 18% of homes that sold, down from 19% a year earlier. Pandemic boomtowns Las Vegas and Phoenix saw investor purchases fall over 60%—more than all of the other metros Redfin analyzed. Investors pulled back from single-family homes more than […]
February 10, 2023
Rental price growth is slowing due to increasing supply and waning demand. There are 11 metros where rents are already falling, with Phoenix and Oklahoma City seeing declines of more than 6%. The median U.S. asking rent rose 2.4% year over year to $1,942 in January—the smallest increase since May 2021 and the lowest level […]
February 9, 2023
Pending sales and new listings each posted their smallest declines since September. Homebuyer demand continues to increase from its fall low point despite mortgage rates ticking up this week. Seller activity is also picking up. Pending home sales posted their smallest decline since September during the four weeks ending February 5, falling 20% from a […]
February 8, 2023
Young adults taking on a new lease are getting some relief as rental price growth slows, helping cool their personal inflation rates. Gen Z and millennial renters have lower personal inflation rates than the overall U.S. population for the first time since the end of 2020. Gen Zers and millennials who signed a new lease […]
February 6, 2023
The typical Austin home costs six figures less than it did during the pandemic homebuying frenzy, but 6%-plus mortgage rates mean housing remains unaffordable for many locals. Austin’s median home sale price has dropped $135,000 from the apex it reached during the pandemic homebuying frenzy–but that doesn’t mean homes are affordable. The median-priced home in […]
