Housing Market

Monthly Market Update

Housing Supply Drops Most in 2 Years as Sluggish Demand Spooks Sellers

Active listings fell 1.4% in August—the biggest decline since 2023—as homebuying anxiety spilled over to sellers.  Mortgage rates dropped to the lowest level in about a year, which has led to an increase in refinancing activity but hasn’t yet translated into a jump in sales. Redfin expects existing-home sales to end 2025 roughly in line […]
Affordability

Wages Are Growing Faster Than Rents and Mortgage Payments

Wages are up 4.1% year over year, while asking rents are up 2.6% and mortgage-payment growth has slowed to roughly 0% amid declining mortgage rates and a slowdown in home prices. Wages are up 4.1% year over year, outpacing gains in asking rents and mortgage payments, which are up a respective 2.6% and 0.2%. That’s […]
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