Housing Market News
June Housing Market Was the Fastest and Most Competitive on Record
Most homes in Denver sold in less than a week; 68% of San Jose homes sold above list price.

Housing Demand Fell 5 Percent in May
Early stage housing demand remained strong in May, with the number of Redfin customers requesting tours up 17.7 percent year over year.
The Housing Market Accelerated to its Fastest Pace on Record in May
Sales increased 7 percent, driven by growth in affordable metros

Housing Demand Fell 5 Percent in April Following a Year of Dwindling Home Supply
The Redfin Housing Demand Index fell 4.9 percent to 118 in April, the fifth consecutive month of year-over-year declines.
New Listings Fell Nationwide in April as Home Sales Declined in the West
Inventory dropped 3.2% extending a seven-month decline.

Mortgage Rules Are Hurting Affordable Rentals. Here's What We Can Do.
The riskiest investors aren’t who you might think, Urban Institute research finds.
Home Prices Fell 3% in March—Biggest Annual Drop in Over a Decade
Pandemic boomtowns and pricey coastal markets, including Austin and San Jose, saw among the largest price declines. In many more affordable areas, prices continued to
Home Prices Fell 1% in February—First Annual Drop Since 2012
Prices declined as sellers responded to a drop in homebuyer demand spurred by elevated mortgage rates. San Jose and Austin saw prices fall at roughly
Market Recovery Hampered by High Housing Costs, Low Supply in January
Pending home sales improved slightly, but an ongoing affordability crisis and lack of homes for sale kept many house hunters on the sidelines. Pending home
Pending Home Sales Rise for First Time in 14 Months
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
Home Sales Slumped 35% in November, the Biggest Decline on Record
A surge in mortgage rates in early November caused sales and prices to slow, but there are early signs that demand may be creeping back
Pending Home Sales Post Record Drop in October as Deal Cancellations, Price Cuts Hit Record High
The historic slowdown may ease in the coming months if inflation continues to cool. Pending home sales fell the most on record in October and