Housing Market
All Reports
May 26, 2026
Homebuying affordability improved slightly in April because mortgage rates declined while incomes rose. Still, the income required to afford a home was $29,000 higher than the typical U.S. income–and mortgage rates rose again in May, potentially erasing some of the affordability gains made in April. A household earning the average U.S. income would need to […]
May 26, 2026
The median luxury sale price is up 4% year over year—more than double the gain in non luxury prices. Luxury pending home sales are also up 4%—the biggest increase in over a year. San Francisco’s luxury market is booming, with sales up nearly 50%—the most in the nation. Rising demand and prices are buoying luxury […]
May 21, 2026
Contract cancellations declined slightly in April as homebuyers and sellers gained a clearer sense of the housing market after years of volatility, and as demand picked up. Homebuyers were most likely to back out of deals in Atlanta, San Antonio and other Sun Belt metro areas that are big-time buyer’s markets. Contract cancellations were least […]
May 21, 2026
Mortgage rates jumped to a 10-month high, spooking would-be homebuyers and sellers after a few weeks of solid demand. U.S. pending home sales fell 1.1% from a week earlier during the week ending May 17, the first decline since early April. Pending sales are still at their second-highest level since September 2022, but it’s notable […]
May 19, 2026
The share of home sellers cutting their asking prices has fallen from its peak as buyers lose a bit of negotiating power, but price drops are still much more common than in years past. Redfin Early Access, which allows sellers to test the market via “coming soon” listings, can help homeowners price accurately from the […]
