Housing Market
All Reports
April 27, 2022
Homes are much less affordable than they were a year ago due to skyrocketing prices and surging mortgage rates–especially in Sun Belt metros like Tampa, Phoenix and Las Vegas. Homebuyers in nearly every part of the country have felt the impact of surging housing prices since the start of the pandemic—but especially those in the […]
April 25, 2022
65% of home offers faced competition in March, down from 67% in February, as more buyers moved to the sidelines. Sixty-five percent of home offers written by Redfin agents faced competition on a seasonally adjusted basis in March, down from a revised rate of 66.7% in February. That’s the first month-over-month decline since September—a sign […]
April 21, 2022
Redfin's Homebuyer Demand Index fell for the first time since June, and the share of home sellers dropping their asking price was the highest in five months.
April 20, 2022
With sky-high prices and rising mortgage rates, each square foot of space costs more than ever before. Buyers are compromising by turning to smaller homes. Americans are buying smaller homes than they were at the height of the pandemic. The typical U.S. home that went under contract in March was 1,720 square feet, down 1.8% […]
April 20, 2022
Rising monthly mortgage payments—up 34% from a year ago, due largely to rising interest rates--are pricing more people out of the homebuying market, which could lead to even more increases in rents.
