There were an estimated 506,000 more home sellers than buyers in August, meaning buyers held the negotiating power. But the tables could turn if falling mortgage rates bring more buyers off the sidelines. The number of buyers in the market fell to an estimated 1.4 million last month—the lowest level in records dating back to […]
Active listings fell 1.4% in August—the biggest decline since 2023—as homebuying anxiety spilled over to sellers. Mortgage rates dropped to the lowest level in about a year, which has led to an increase in refinancing activity but hasn’t yet translated into a jump in sales. Redfin expects existing-home sales to end 2025 roughly in line […]
Pending home sales are up just 0.8% from a year ago, with many house hunters hoping rates will drop substantially more. But if that were to happen, sellers would regain the upper hand and home prices would likely rise more. The median U.S. home-sale price rose 2.2% year over year during the four weeks ending […]
The median home-sale price in Santa Barbara, the most expensive college town in the U.S., is almost $2 million. When it comes to housing, the most expensive college town in the U.S. is Santa Barbara, CA, home to a University of California campus with about 26,000 students. Santa Barbara’s median home-sale price is nearly $2 […]
Places anchored by major universities and colleges have their own unique communities and housing needs. Here’s a look at key housing-market stats for U.S. college towns, from Eugene, OR to Madison, WI to Gainesville, FL. With back-to-school season in full swing, we’re taking a look at housing markets in the 50 biggest college towns in […]
Wages are up 4.1% year over year, while asking rents are up 2.6% and mortgage-payment growth has slowed to roughly 0% amid declining mortgage rates and a slowdown in home prices. Wages are up 4.1% year over year, outpacing gains in asking rents and mortgage payments, which are up a respective 2.6% and 0.2%. That’s […]