Housing Market
All Reports
January 17, 2025
Pending home sales dropped 4.5% from November as mortgage rates jumped to the highest level in months. Roughly 40,000 home purchases were called off in December, equal to 16% of homes that went under contract—the highest December percentage on record. Existing home sales—a lagging indicator of deals that were negotiated in prior months when mortgage […]
January 16, 2025
Pending sales posted their biggest decline in over a year this week, as did new listings. But mortgage-purchase applications are on the rise, and mortgage rates are coming down. Home tours and pending sales are falling as devastating wildfires burn in Southern California, extreme cold and snow hit the Northeast, Midwest and South, and housing […]
January 9, 2025
More house hunters are hitting the pavement as the new year starts, but pending home sales are down as daily average mortgage rates hit a seven-month high. More house hunters are starting their home search as the new year kicks off. Redfin’s Homebuyer Demand Index–a seasonally adjusted measure of tours and other buying services from […]
January 7, 2025
Many homeowners are staying put because today’s housing costs are so high. More than one-third (34%) of U.S. homeowners say they’ll never sell their home, according to a recent Redfin-commissioned survey. Another 27% say they wouldn’t consider selling for at least 10 years. Roughly one-quarter (24%) plan to sell in five to 10 years, while […]
January 6, 2025
A household earning the median U.S. income would have had to spend 41.8% of their earnings on monthly housing costs to buy the typical home in 2024, a slight improvement from 42.2% in 2022. A homebuyer needed to earn an annual income of at least $116,782 if they wanted to spend no more than 30% […]
