News

U.S. Home Prices Continue Their Ascent, Even as High Costs Deter Homebuyers

U.S. Home Prices Continue Their Ascent, Even as High Costs Deter Homebuyers

Home prices grew 0.5% in April, the sixth consecutive month of similar increases. Elevated mortgage rates are curbing homebuyer demand, but prices continue to tick up because there aren’t enough homes for sale. U.S. home prices[...]
Read More

Home Prices Hit Another Record High, Pushing Pending Sales Down 4%

Prices keep rising because this spring’s inventory is lower than usual. The sliver of good news for buyers is that mortgage rates have declined slightly. The median U.S. home-sale price hit a record $387,600 during the four weeks[...]
Read More
Investor Home Purchases Rise for the First Time in Nearly Two Years

Investor Home Purchases Rise for the First Time in Nearly Two Years

Investor home purchases are rising—albeit slightly—for the first time in almost two years. Real estate investors bought roughly 44,000 U.S. homes in the first quarter of 2024, up 0.5% from a year earlier—the first increase[...]
Read More
The Sun Belt Is Seeing Some of the Biggest Rent Declines in America

The Sun Belt Is Seeing Some of the Biggest Rent Declines in America

Nine of the 10 metros facing the steepest drops in asking rents are in the Sun Belt. The exception is Seattle, where rents fell 7% year over year in April—the biggest decline among the metros Redfin analyzed. Nationwide, the median asking[...]
Read More

Low-Income Americans Have Lost the Homebuying Progress They Made During the Pandemic

Roughly 1 in 5 new mortgages went to low-income homebuyers in 2023, down from 23% in 2020. Meanwhile, high-income buyers have gained share because they’re more prepared to weather the storm of high home prices and mortgage[...]
Read More

Showing 11 - 15 of 1102 posts