Housing Market

U.S. Home Prices Rose 0.2% in September

U.S. home prices increased 0.2% from a month earlier in September on a seasonally adjusted basis. On a year-over-year basis, home prices rose 3%, the slowest rate recorded in Redfin Home Price Index (RHPI) data going back to 2012. San Diego (+1.7%) recorded the highest month-over-month price growth of the 50 most populous U.S. metros, […]
Monthly Market Update

Homebuyers Are Scoring the Biggest Autumn Discounts Since 2019

The typical home that sold last month went for 1.4% less than its final list price—the biggest September discount in six years—as a slow housing market empowered buyers to negotiate. The typical home that sold also spent 50 days on the market—the slowest September pace in nearly a decade. Existing-home sales inched up to the […]

29% of U.S. Home Purchases Are Made in Cash, Essentially Flat From a Year Ago

29% of U.S. homebuyers are paying in cash, down essentially unchanged from last year and down from a peak of nearly 35% two years ago due to declining mortgage rates.  The typical down payment is climbing, partly because in today’s expensive market, many buyers are affluent. It now sits at a record $70,000, and in […]
Weekly Market Update

More Home Sellers Test the Market, But Buyers Aren’t Budging

Pending home sales are declining, with some house hunters waiting for mortgage rates to drop lower and some feeling jittery about the economy. New listings of U.S. homes for sale rose 2.3% year over year during the four weeks ending October 5, the biggest increase in over three months. Some sellers listed their homes in […]
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