Housing Market
All Reports
April 8, 2022
Redfin’s deputy chief economist is taking note of early indicators that the housing market is cooling down in some pricey coastal areas–signaling the start of a national trend. “When will it end?” This question has repeatedly flashed across my screen over the past several weeks, sent by Redfin colleagues via Slack, reporters on Twitter, my […]
April 7, 2022
12% of homes for sale had price drops in the past four weeks—the highest level since early December—suggesting that sellers’ tight grip on the market is starting to loosen.
April 7, 2022
1 in 3 U.S. renters can’t afford to buy a home where they want to live and 30% are unable to save for a down payment, according to a recent Redfin survey. Debt is the most common financial obstacle to homebuying, with 45% of renters saying it has kept them from trying to buy a […]
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 […]
