Housing Market News
Housing Market Update: A Record Share of Home Sellers Drop Prices As High Rates Cut Into Buyers’ Budgets
Budgets are getting some relief right now, with daily average rates dropping considerably from 8% to 7.5% over the last week. Nearly 7% of for-sale
Housing Market Update: Buyers Get Some Relief As New Listings Finally Increase, More Sellers Drop Prices
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
Housing Market Update: 2023 on Pace For Fewest Home Sales Since 2008 As Mortgage Rates Hit 8%
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
Housing Market Update: Listings Tick Up, But Buyers Back Off
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
Housing Market Update: New Listings Hold Up As Mortgage Rates Soar Toward 8%
A homebuyer on a $3,000 monthly budget has lost nearly $40,000 in purchasing power over the last year, as mortgage rates have risen from around
Housing Market Update: More Home Sellers Drop Their Asking Price As Mortgage Rates Hit Two-Decade High
Record-high monthly mortgage payments are motivating sellers to drop asking prices to attract buyers, who are unwilling to pay a dollar more than necessary for