News

U.S. home prices climbed 0.4% month over month in December, the smallest increase since June. December represented the third straight month of slowing price growth. On a year-over-year basis, prices rose 6.6%. 800 ) {[...]

Pending home sales rose 4.1% month over month in December on a seasonally adjusted basis—the biggest increase since September 2021—to the highest level in more than a year. They climbed 5.9% from a year earlier, the biggest annual[...]

Buyers can afford a more expensive home now that mortgage rates have dropped to 6.7%, down from nearly 8% in October. Redfin economists don’t expect rates to rise or decline significantly in the foreseeable future. A homebuyer on a[...]

2024 is shaping up to be more active than 2023 for homebuyers and sellers, with mortgage applications and new listings rising. But Redfin economists believe demand and listings would be rising more if not for harsher-than-usual winter[...]

Just over one-quarter (26.3%) of adult Gen Zers owned a home in 2023, little changed from 26.2% in 2022. Meanwhile, the homeownership rate for millennials rose to 54.8% from 52%, and the homeownership rate for Gen X rose to 72% from 70.5%.[...]