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Sales of luxury U.S. homes declined a record 44.6% year over year to the second lowest level on record during the three months ending Jan. 31, 2023. That outpaced the record 37.5% drop in sales of non-luxury homes. Redfin’s records date[...]

Whether more buyers return to the market depends largely on how the Fed reacts to unrest in the banking industry alongside persistent inflation. If the Fed presses pause on interest-rate hikes next week or announces just a small increase,[...]

The median U.S. home sale price fell 1.2% in February to $386,721, the first year-over-year decline since 2012. Sellers have been forced to lower their expectations because high mortgage rates have put homebuyer demand on[...]

The median U.S. home-sale price declined 0.6% year over year in February, marking the first annual drop since 2012–but high rates mean homes aren’t more affordable. The milestone comes as daily average mortgage rates hit 7.1%,[...]

The typical U.S. homeowner has spent 12.3 years in their home. That’s down from the peak of 13.4 years hit in 2020 and 12.9 years in 2021. But the typical American is still living in their home much longer than before, with median[...]