Homebuying affordability is improving nationwide after nearly five years during which it generally worsened. That’s because mortgage rates are lower and home-price growth is muted. Affordability is improving in 37 of the 50 most populous U.S. metro areas. It’s improving fastest in Dallas, where the income needed to buy a home has dropped 7.4% year […]
Seattle and Boston fans traveling to this weekend’s football game would spend the equivalent of three months’ worth of mortgage payments. Seattle renters are spending half a year’s worth of rental payments on going to the game. Boston renters are spending over four months’ rent. For Seattleites traveling to watch their team compete in this […]
The typical Austin home that went under contract in December spent a record 106 days on the market, compared with 60 days nationwide. A decade ago, Austin was one of the fastest markets. Unsustainable price growth in recent years along with a homebuilding boom have left Austin with more sellers than buyers. That means the […]
Pending home sales are declining, and the homes that are selling are taking more than two months to find a buyer. But new listings are improving, and Redfin agents are hopeful that falling costs will attract more buyers in time for the spring selling season. The 2026 housing market is off to a sluggish start, […]
Local Redfin agents say high costs and frigid weather are the primary reason fewer people are buying and selling homes in Minneapolis. ICE activity and protests are factors too, but smaller ones. Minneapolis pending home sales fell 19.2% year over year during the four weeks ending January 25, the biggest decline among the 50 most […]
Luxury home prices rose 4.6% in December—more than triple the gain in non luxury prices. Only two major metro areas saw declines. Redfin agents say a lack of quality inventory is propping up prices; the supply of luxury homes for sale posted the slowest growth since April. Pending sales of luxury homes fell 1.1%—the biggest […]