Housing Market
All Reports
August 12, 2025
The average U.S. buyer’s agent commission rose to 2.43% in the second quarter from 2.38% a year earlier. Commissions rose across all price tiers, with the average buyer’s commission for homes under $500,000 reaching the highest level in nearly two years. The average U.S. buyer’s agent commission was 2.43% for homes sold in the second […]
August 7, 2025
Redfin economists say serious homebuyers have a window of opportunity to lock in a mortgage rate, as rates could fluctuate as more economic data is released in the coming weeks. House hunters got some relief this week as the daily average mortgage rate dropped to its lowest level in nearly a year after a softer-than-expected […]
August 6, 2025
The majority of America’s most resilient housing markets are located in the Rust Belt and are seeing an increase in home sales and prices. The fastest-cooling U.S. markets are concentrated in Sun Belt states, where soaring inventory is causing prices to fall in some places. The U.S. housing market has been losing steam due to […]
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 […]
