Housing Market
All Reports
November 18, 2024
Most U.S. residents who earn less than $50,000 struggle to afford their mortgage or rent payments, according to a recent Redfin-commissioned survey. Of those earning under $50,000 who struggle to afford housing, 21% have delayed or skipped medical treatments, while 15% have worked a side hustle. Broken down by generation, nearly one-quarter of Gen Zers […]
November 15, 2024
Existing home sales rose 1.6% month over month in October to a seasonally adjusted annual rate of 4,179,346. Many buyers who came off the sidelines when mortgage rates bottomed in September finalized their purchases in October, causing sales to rise. But rates jumped last month, which—along with election jitters—put a damper on demand; pending sales […]
November 14, 2024
Redfin’s Homebuyer Demand Index is rising and mortgage-rate locks are jumping, with some buyers wading back into the market now that the election has passed and the Fed has cut interest rates for the second month in a row. Early indicators of homebuying demand show that buyers are returning after taking a hiatus in the […]
November 13, 2024
Donald Trump’s re-election seems to have had immediate consequences for housing in America. Demand from home-buyers requesting service through Redfin’s site, which was already stronger since the Federal Reserve’s September 18 rate cut, was about 25% higher this weekend than the same weekend last year, the largest year-on-year gain since the downturn began in 2022. […]
November 13, 2024
Nearly the same share, 21%, say they are less likely to consider moving now that the election is over, according to a recent Redfin-commissioned survey. Of those who are more likely to move, 36% say the results of the election are making them consider a different country, and 26% are considering a different state. 34% […]
