Housing Market
All Reports
January 8, 2024
Rising supply has led to rising vacancies, motivating landlords to lower asking rents, which fell 1% from a year earlier. Rents dropped in the South and the West, but continued climbing in the Midwest and Northeast. The median U.S. asking rent fell 0.8% year over year in December to $1,964. That’s the third consecutive decline, […]
January 4, 2024
The median U.S. housing payment is down nearly $400 from its October peak, enticing some sidelined buyers to get back in the game. Redfin’s Demand Index, which measures early-stage demand, is up 10% from a month ago. The median U.S. mortgage payment was $2,361 during the four weeks ending December 31, down $372 (-14%) from […]
December 28, 2023
Declining mortgage rates and a double-digit increase in new listings are bringing house hunters off the sidelines, with pending sales posting their smallest decline in about 20 months. We’re taking a break from analysis this week, but please see the tables and charts below for this week’s housing-market data. We’ll be back with full commentary […]
December 21, 2023
That’s the lowest share on record, down from 21% in 2022 and over 40% before the pandemic homebuying boom. White households had three times more affordable options than Black households this year. Housing affordability is expected to improve in 2024 as mortgage rates fall and more homes go up for sale. Just 15.5% of homes […]
December 21, 2023
Listing consults with Redfin agents have risen significantly since rates began to fall last month. Our economists expect buyers will take advantage of lower rates and more listings in the new year, after the typical holiday slowdown. This week’s falling mortgage rates, sizable year-over-year increases in both new listings and listing consults with Redfin agents, […]
