Homebuyer demand continues to increase from its fall low point despite mortgage rates ticking up this week. Seller activity is also picking up.Pending home sales posted their smallest decline since September during the four weeks[...]
The median U.S. asking rent rose 2.4% year over year to $1,942 in January—the smallest increase since May 2021 and the lowest level in nearly a year. That’s roughly one-sixth the pace of January 2022, when rents were up 15.6% from a year[...]
Investor purchases of U.S. homes fell a record 45.8% year over year in the fourth quarter as the high cost of borrowing money and the prospect of substantial home-price declines made real estate investing less attractive. The second[...]
Redfin’s Homebuyer Demand Index is down slightly from last month as somewhat disappointing inflation and jobs reports cause mortgage rates to increase. But demand is still up from its November trough and pending home sales continue[...]
Young adults taking on a new lease are getting some relief as rental price growth slows, helping cool their personal inflation rates. Gen Z and millennial renters have lower personal inflation rates than the overall U.S. population for[...]