Housing Market News
Housing Market Update: Homebuying Demand Jumps Slightly as Rates Continue to Decline
Mortgage applications and Redfin’s demand index, a measure of tours and other homebuying services, are up as mortgage rates continue to come down. But pending
Housing Market Update: Homebuying Demand Ticks Up Slightly After Last Week’s Record-Fast Rate Drop
Mortgage-purchase applications and Redfin’s Homebuyer Demand Index both increased as rates stayed around 6.6%, down sharply from 7% earlier this month, saving the typical buyer
Housing Market Update: The Fastest Mortgage-Rate Drop in 40 Years Saves Homebuyers $100 Per Month
Mortgage rates dropped from over 7% to 6.6% this week on better-than-expected inflation news, bringing some hope to prospective buyers. The largest weekly drop in
Housing Market Update: Annual Home Price Growth Slows to 3%
Inflation has begun to slow, which is already helping bring daily mortgage rates down. However, a longer trend of lower inflation is needed for sustained
Housing Market Update: Demand Declines Ease as Mortgage Rates Steady Around 7%
A few measures of homebuying demand ticked up in the last week of October, a month that saw one-third fewer pending sales than a year earlier.
Housing Market Update: Pending Home Sales Fall 35%, Largest Drop in at Least Seven Years
Fewer homes are pending sale than in any October since at least 2015. Six metro areas are now experiencing year-over-year price declines.