Housing Market
All Reports
December 18, 2024
Homebuying activity picked up in November as election uncertainty dissipated and buyers grew more accustomed to elevated mortgage rates. Existing home sales for the full year will likely be in line with 2023 levels, but we expect activity to tick up in 2025. Existing home sales rose 0.7% month over month in November to a […]
December 13, 2024
47% of renters feel a sense of belonging in their neighborhood, compared with 64% of homeowners, according to a new Redfin survey. 39% of renters feel they have things in common with their neighbors, compared with 59% of homeowners. 42% of renters try to avoid interacting with their neighbors, versus 33% of homeowners. Less than […]
December 12, 2024
Home tours, mortgage applications and pending sales are rising as mortgage rates decline from the four-month high they hit in late November. More sellers are coming off the fence, too. Mortgage rates are declining after last week’s cooler-than-expected jobs report made it clear the Fed will cut interest rates again this month. The average weekly […]
December 5, 2024
The 2024 election results show that voters are willing to greenlight big spending to fund affordable housing. Across the country, cities and states approved hundreds of millions of dollars in bonds and taxes to increase housing supply. But the question remains—given existing regulatory barriers like zoning and red tape, will that money be spent where […]
December 5, 2024
The uptick in early-stage homebuying activity we saw immediately after the election is continuing, despite high home prices and mortgage rates. Homebuying demand is ending the year strong. Redfin’s Homebuyer Demand Index–a seasonally adjusted measure of tours and other buying services from Redfin agents–is sitting near its highest level since September 2023, and it’s up […]
