Housing Market
All Reports
October 26, 2023
New listings have posted their first annual increase since July 2022 as some sellers tire of waiting for mortgage rates to come down and others worry that prices will decline. New listings of homes for sale rose 0.3% from a year earlier during the four weeks ending October 22–a small increase, but the first since […]
October 23, 2023
New listings inched up as some homeowners opted to cash out, fearing that elevated mortgage rates could drive a drop in home prices. Pending sales also saw a slight bump as the uptick in listings brought some house hunters off the sidelines. But home purchases fell through at the highest rate in nearly a year […]
October 19, 2023
Redfin economists say this is likely to be the slowest sales year since the Great Recession as persistently high mortgage rates and low inventory spook buyers. This year is likely to end with roughly 4.1 million existing home sales nationwide, the fewest since the housing bubble burst in 2008 after the subprime mortgage crisis. What […]
October 17, 2023
Sky-high mortgage rates and still-rising home prices have made it harder than ever to afford a home, especially for first-time buyers. The typical buyer needs to earn 15% more than they did a year ago–and wages are only up 5%. It’s harder than ever for Americans to afford a home. A homebuyer must earn $114,627 […]
October 12, 2023
New listings have inched up this fall, giving the buyers who remain in the market a few more homes to choose from. But many buyers are retreating as mortgage rates stay elevated. What home sellers are doing: A few more homeowners are putting their homes on the market, despite being locked into relatively low mortgage […]
