Housing Market
All Reports
March 31, 2022
The market still feels hot, but a slowdown in online searches, home tours and mortgage applications suggests more buyers are getting priced out. Redfin economists predict home-price growth will start to slow in the coming months. Mortgage rates are shooting up at the fastest pace in history, sending the typical monthly mortgage payment for a […]
March 28, 2022
Demand for single-family homes surged during the pandemic—but it surged so much that condos are now all some homebuyers can afford. The typical U.S. condo sold for a record $319,000 in February, up 14.6% from a year earlier and 22.7% from two years earlier, just before the pandemic began. Condos are in demand partly because […]
March 24, 2022
Homes sell even faster as dwindling supply and rapidly rising mortgage rates fuel fierce competition. Housing prices jumped the most since summer—up 17% year over year to a new high—as a 7% drop in new listings kept homebuyer competition elevated amid rapidly rising mortgage rates. Nearly 3 in 5 homes were snapped up within two […]
March 22, 2022
Use unique strategies to make your offer stand out, such as releasing the earnest-money deposit early, and making it nonrefundable. Waive the appraisal contingency if you can. Don’t expect a counter-offer; put in your best and highest offer right away. Consider putting in an offer early, several days before the review deadline, and maybe […]
March 21, 2022
Nationally, asking rents were up 15% in February, while homebuyer mortgage payments increased twice as fast.
