Housing Market News
Housing Market Update: More Sellers Drop Their Prices, But Buyers Find Little Relief
Homebuying is as competitive and costly as ever as soaring mortgage rates make the market less inviting for many would-be sellers.
Housing Market Update: Typical Buyer’s Monthly Payment Up 39%—The Biggest Annual Gain on Record
Home sellers and buyers are retreating at similar rates, resulting in a housing market that remains very competitive even as it slows.
Housing Market Update: Homebuyer Demand Dips as Holiday Lull Amplifies Market Cooldown
Redfin’s Homebuyer Demand Index fell for the first time since June, and the share of home sellers dropping their asking price was the highest in five months.
Housing Market Update: Demand Slips, Pushing More Sellers to Drop Asking Prices
Early indicators of homebuyer activity falter further as mortgage rates shoot up.
Housing Market Update: Share of Sellers Dropping Their Asking Price Climbs Past Last Year’s Rate
12% of homes for sale had price drops in the past four weeks—the highest level since early December—suggesting that sellers’ tight grip on the market is starting to loosen.
Housing Market Update: Surging Mortgage Rates and Home Prices Sideline More Buyers
The market still feels hot, but a slowdown in online searches, home tours and mortgage applications suggests more buyers are getting priced out. Redfin economists