Housing Market News
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
Housing Market Update: Prices Reach New High as Few Americans Put Homes Up for Sale
Homes sell even faster as dwindling supply and rapidly rising mortgage rates fuel fierce competition. Housing prices jumped the most since summer—up 17% year over
Housing Market Update: Home Prices Post Biggest 4-Week Jump in At Least 5 Years
Pending home sales continued to outpace 2021 even as the listing shortage dragged on and mortgage rates shot up to above 4% for the first time since May 2019.
Housing Market Update: Homes Sell Faster Than Ever as Buyers Rush to Grab Low Rates
The housing market is worked into a frenzy, unfazed by war in Ukraine, a faltering stock market, and fast-rising gas prices.
Housing Market Update: Home Prices Surge to Record High as Competition Heats Up
The median home sale price rose 16% from a year earlier, the largest increase since August. Tensions in Ukraine have stalled the rapid increase in mortgage rates.