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Pending Home Sales Rise for First Time in 14 Months

Pending Home Sales Rise for First Time in 14 Months

Pending sales increased 3% in December from the month before, the first monthly gain since October 2021. But sellers remained on the sidelines, with new listings posting their biggest annual drop since the start of the[...]
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San Francisco Homebuyers Are Paying $18,000 Less Per Year Than Those Who Bought When Rates Peaked

San Francisco Homebuyers Are Paying $18,000 Less Per Year Than Those Who Bought When Rates Peaked

Prospective homebuyers are getting some relief as monthly housing payments fall from their peak due to declining mortgage rates and home prices. It’s one reason for renewed homebuyer interest. The median monthly housing payment[...]
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Housing Market Update: $2,500 Monthly Budget Buys a $400,000 Home For First Time Since September As Rates Dip Below 6%

Housing Market Update: $2,500 Monthly Budget Buys a $400,000 Home For First Time Since September As Rates Dip Below 6%

Home sellers are starting to come off the sidelines to meet buyer demand as mortgage rates steadily decline, with new listings and pending sales both posting their smallest drops in four months. A homebuyer on a $2,500 monthly budget can[...]
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Austin Homebuyers Need 27% More Income Than a Year Ago Despite Drop in Prices

Austin Homebuyers Need 27% More Income Than a Year Ago Despite Drop in Prices

The typical Austin home costs six figures less than it did during the pandemic homebuying frenzy, but 6%-plus mortgage rates mean housing remains unaffordable for many locals.Austin’s median home sale price has dropped $135,000 from[...]
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The Housing Market Has Started to Recover

The Housing Market Has Started to Recover

The housing market has begun to recover after hitting a low point in the second week of November. We’re not out of the woods yet, but homebuyers are coming off the sidelines: The number of Redfin customers requesting first tours has[...]
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