Housing Market
All Reports
April 14, 2023
The median asking rent fell 0.4% in March to the lowest level in 13 months. Austin and Chicago saw the largest declines, while Raleigh and Cleveland experienced the biggest gains. The median U.S. asking rent fell 0.4% year over year to $1,937 in March. That’s the first annual decline since March 2020—when the coronavirus was […]
April 13, 2023
New listings of homes for sale are down 25% from a year ago, marking the eighth straight month of double-digit declines. That’s making it difficult for buyers to find homes but giving some sellers a competitive edge. New listings of U.S. homes for sale dropped 25% from a year earlier during the four weeks ending […]
April 10, 2023
The number of people locking in mortgages for second homes dropped to its lowest level since 2016 in February and remained nearly as low in March. Prospective second-home buyers are deterred by high costs, a slowing short-term rental market and the declining prevalence of remote work. Mortgage-rate locks for second homes were down 52% from […]
April 6, 2023
Limited new listings are making it feel like a seller’s market in some parts of the U.S. even though sales are down by double digits. But some markets still feel cool, with for-sale homes lingering on the market. If it feels like there aren’t enough homes on the market for the people who want to […]
March 31, 2023
Redfin’s Homebuyer Demand Index, which measures requests for tours and other buying services from our agents, jumped as prices fell for the sixth-straight week and mortgage rates declined for the third week in a row. But a lack of new listings is holding back sales. House hunters are wading into the market as mortgage rates […]
