Housing Market News
Market Tracker
Pending Home Sales Jumped 2.5% in September, the Biggest Monthly Increase in Over a Year and a Half
Pending sales rose 2.5% month over month as mortgage rates hit a two-year low and the Federal Reserve cut interest rates. Rates have since ticked
Existing Home Sales, Pending Sales Fall to Lowest Level Since Pandemic Start as House Hunters Wait for Mortgage Rates to Drop Further
Sales of existing homes dropped 1% month over month in August to a seasonally adjusted annual rate of 4 million, while pending sales fell 2%.
Existing Home Sales Rose 0.6% Last Month, But Were At the Lowest July Level on Record
Sales of existing homes fell 2% year over year to a seasonally adjusted annual rate of 4.1 million in July. Pending sales were down 3%
Cold Feet: Buyers Backed Out of Deals at Record Rate in June as Home Prices Hit All-Time High
About 56,000 home purchases were canceled, equal to 15% of homes that went under contract—the highest percentage of any June on record. Buyers are skittish
Home Sales Fell to One of the Lowest Levels on Record in May
There have been only two months in the past decade with fewer home sales. High home prices, elevated mortgage rates and an ongoing housing shortage
U.S. Home Prices Hit an All-Time High in April
The median home sale price rose 6% year over year to $434,000 as a lack of new listings buoyed prices. The total number of homes
Home Sales Hit High Speed as Price Growth Taps Brakes
In May homes sold at their fastest pace in nearly two years, with the typical property on the market only 28 days, down from 32 in April. Last month, 35.6 percent of homes went under contract within two weeks of their debut, just shy of the peak rate of 35.8 percent exactly two years ago. For the last three years there’s been a double-digit spike in homes sold; this year, an inventory shortage has kept a lid on that growth.
Buyer Demand Drives Double-Digit Growth in Home Sales, Devouring Inventory
New listings will need to keep pace with high demand in order to prevent another national shift in favor of sellers.
February Comes in Solid with Stable Price Growth, More Home Sales and New Listings
The housing market showed continued signs of strength last month, pointing toward a healthy spring season. In welcome news for buyers, newly listed homes shot
2015 Could Be the Biggest Year for Housing Since the Bust
Redfin customers requesting home tours, an early indicator of housing market performance, jumped nearly 50 percent from a year ago and the number of newly
Home Prices Up 7.6 Percent in January as Redfin Reports Record-Setting Homebuyer Demand
One consistent trend in housing is that prices fall every January. To get the industry’s earliest indication about January prices, today for the first time
Prices Hold Strong as Home Sales Drop in November
With gas prices low and consumer confidence at the highest reported level in seven years, there was a lot to be cheery about heading into the holiday home-buying season. However, positive consumer sentiment did not translate into more real estate transactions last month as the number of homes sold plunged 21 percent in November versus October and was down 5 percent from this time last year.
