Housing Market
All Reports
August 6, 2025
The income needed to afford the typical U.S. home has fallen year over year in almost a dozen major metros, most of which are Sun Belt boomtowns that have seen a drop in home prices amid surging inventory. Nationwide, the typical homebuyer needs to earn $112,131 per year to afford the median priced home—roughly $25,000 […]
Mortgage Rates Drop to Lowest Level in 10 Months, Upping Purchasing Power in a Buyer-Friendly Market
August 4, 2025
Redfin economists say the recent dip in mortgage rates gives serious house hunters a window of opportunity to lock in a lower monthly housing payment. The daily average mortgage rate dropped to 6.57% on August 4, the lowest level in 10 months. That means a homebuyer on a $3,000 monthly budget has gained roughly $20,000 […]
August 4, 2025
More than a quarter of U.S. homes have gained at least $250,000 in value since the last time they were purchased, with 8% having gained more than $500,000. Owners of these homes stand to benefit if the capital gains tax was eliminated. The median value of homes that have gained at least $250,000 in value […]
July 31, 2025
Prices are declining in certain places as the supply of homes for sale outpaces demand, with high costs and economic uncertainty sidelining would-be buyers. The median home-sale price fell in 14 of the 50 most populous U.S. metro areas this week. Oakland, CA saw the biggest drop, with a 6.8% year-over-year decline, followed by two […]
July 30, 2025
Inventory is increasing in the nation’s capital faster than it is nationwide partly because some former federal workers are trying to offload their homes. The total number of homes for sale in the Washington, D.C. metro area rose 22.7% year over year in June, the third-biggest jump in records dating back to 2012. Only the […]