Housing Market News

Since mortgage rates came down from their June high, measures of early demand like online real estate searches and home tours have ticked up and/or stabilized.

Buyers can now take their time touring and considering homes before making an offer. Still, selection remains very limited despite supply being up, as few homes are being listed and even fewer are selling.

Inflation and high mortgage rates are taking a bite out of homebuyer budgets, leading to fewer sales and supply gains.

Homebuyers are getting some relief as sellers slash their prices at a record rate and mortgage rates drop following months of increases.

A record-high share of home sellers are dropping their prices after this month’s historic mortgage-rate hike put a damper on homebuyer activity.

Pending sales and Redfin’s Homebuyer Demand Index posted their largest year-over-year declines in over two years.