Housing Market
All Reports
May 26, 2022
Measures of homebuying competition are plateauing as early-stage demand posts its biggest annual decline since April 2020.
May 20, 2022
The number of homes for sale shrank at its slowest pace in April since the start of the pandemic. Home sales fell and price growth slowed as soaring mortgage rates prompted more buyers to throw in the towel.
May 20, 2022
That’s $260 per month for the typical homebuyer—the largest savings since at least 2015. As mortgage rates surge, demand for adjustable-rate mortgages is on the rise because they typically have lower interest rates than 30-year fixed loans. The typical homebuyer could save an estimated $15,582 over five years, or roughly $260 per month, by taking […]
May 19, 2022
New listings climbed sharply and the share of listings with price drops reached a 2.5-year high as early-stage homebuyer demand declined.
May 18, 2022
61% of home offers faced bidding wars in April—down from 63% a month earlier and 67% a year earlier—as surging mortgage rates prompted buyers to drop out. Riverside, CA and Atlanta saw the biggest annual declines. Nationwide, 60.7% of home offers written by Redfin agents encountered competition on a seasonally adjusted basis in April, the […]
