Housing Market News
Just 28% of Homes Are Selling Above Asking Price, The Lowest Springtime Level Since 2020
Pending home sales are down 1% year over year while new listings are still rising, giving buyers negotiating power. Just over 28% of U.S. homes
Some Would-Be Home Sellers Are Stepping Back As Market Tilts Toward Buyers
Many prospective homebuyers are sidelined by near-record costs and economic uncertainty, creating a buyer’s market in many parts of the country. That’s deterring some would-be
High Housing Costs Are Keeping Homebuyers at Bay–But Price Relief Is in Sight
The median monthly U.S. mortgage payment is just $25 shy of its record high, sidelining would-be buyers. But the tide is turning for buyers: Redfin
New Listings Hit Highest Level in Nearly 3 Years
Would-be buyers are sidelined by record-high housing costs and economic instability, allowing inventory to pile up. New listings of U.S. homes for sale rose 8.4%
Economic Jitters, High Costs Stifle Spring Home Sales
New listings are still rising, allowing some buyers to get deals. Pending U.S. home sales fell 3.4% year over year during the four weeks ending
Record-High Costs, Economic Unease Are Stunting This Spring’s Homebuying Season
With new listings rising and pending sales declining, Redfin agents suggest sellers set their asking price fairly from the start to attract buyers and avoid