Housing Market
All Reports
November 7, 2024
While home sales remained mostly resilient to election jitters and rising rates, Redfin agents report that some house hunters were waiting to hit the pavement until they knew more about the direction of the country and economy. Pending U.S. home sales rose 4.3% year over year during the four weeks ending November 3, in line […]
November 4, 2024
Respondents to a new Redfin-commissioned survey were most likely to say their presidential pick was impacted by the economy, inflation or protecting democracy. 40% of respondents said housing affordability impacted their pick for local elected officials. Crime and safety was the top issue impacting how people voted locally. Roughly one-third of respondents think mortgage rates […]
November 1, 2024
New-construction homes are making up a smaller portion of total inventory as builders back off and more homeowners list their houses for sale. Newly built homes made up 28% of single-family homes for sale nationwide in the third quarter, the lowest level in three years. That’s down from 30.5% a year earlier and a record-high […]
October 31, 2024
Buyer’s agent commissions for closed home sales in October were 2.34% compared to 2.35% in August, when industry-wide changes were implemented following the NAR settlement. It’s too soon to say if the trend since August is a departure from the long-term trend of falling commissions. Commissions for homes listed under $500,000 have risen slightly since […]
October 31, 2024
Even with the impending presidential election and mortgage rates surpassing 7% for the first time since July, pending home sales posted their biggest increase in three years. But Redfin agents report some would-be homebuyers are pressing pause on starting their house hunt until the election passes. Mortgage rates rose to 7% for the first time […]
