Housing Market
All Reports
January 25, 2023
The housing market has begun to recover after hitting a low point in the second week of November. We’re not out of the woods yet, but homebuyers are coming off the sidelines: The number of Redfin customers requesting first tours has improved 17 percentage points from the November trough, and the number of people contacting […]
January 25, 2023
Pending sales increased 3% in December from the month before, the first monthly gain since October 2021. But sellers remained on the sidelines, with new listings posting their biggest annual drop since the start of the pandemic. Seasonally adjusted pending home sales rose 2.9% nationwide in December, the first month-over-month increase since October 2021. Pending […]
January 19, 2023
An increase in home searches and tours at the end of 2022 is starting to translate into purchases as mortgage rates fall. Mortgage applications are up 25% and the slowdown in pending sales is easing.  The median U.S. home-sale price increased 0.9% from a year earlier to $350,250 during the four weeks ending January 15, […]
January 13, 2023
The typical home is taking longer to sell than any period since April 2020 and pending sales are at a record low, but online home searches and tour requests are ticking up. Those early signs of demand could translate into sales–especially as mortgage rates fall from their peak and inflation cools. Homes are selling at […]
January 12, 2023
Rents rose 5% from a year earlier, the smallest increase in nearly a year and a half. That’s roughly one-third the pace of growth seen last December.  The median U.S. asking rent rose 4.8% year over year to $1,979 in December—the smallest increase since July 2021—as persistently high rental costs, inflation and economic uncertainty continued […]
