Housing Market
All Reports
March 11, 2024
Rents hit a low point last February—one reason they’re now showing a sizable year-over-year uptick. Another factor driving rents up: the jump in mortgage rates last month, which buoyed rental demand. The Northeast and Midwest were the biggest gainers, with asking rents rising roughly 5% from a year earlier. Rents in the West and South […]
March 11, 2024
Meanwhile, nearly two-thirds of respondents to a new Redfin survey say housing affordability makes them feel negative about the economy. More than half (53.2%) of U.S. homeowners and renters say housing affordability is impacting who they plan to vote for in the upcoming presidential election. That’s according to a Redfin-commissioned survey conducted by Qualtrics in […]
March 7, 2024
There are more homes for sale as spring approaches, and house hunters are hitting the pavement. Home touring activity is rising, and mortgage-purchase applications are up 11% this week. New listings rose 13% from a year earlier nationwide during the four weeks ending March 3, the biggest increase in nearly three years. The boost in […]
March 5, 2024
The racial homeownership gap is biggest for millennials, but it exists in every generation. Redfin economists expect the gap to shrink for millennials in the near future. Just one-third (33%) of Black millennials own their home, compared to two-thirds (65%) of white millennials. That’s the largest gap of any generation, but Black Americans are much […]
February 29, 2024
More sellers are listing their homes, but 7% mortgage rates and still-high home prices are pushing down sales. New listings of U.S. homes for sale rose 13% year over year during the four weeks ending February 25, the biggest increase in nearly three years. Total inventory is also improving: Active listings are flat from a […]
