News

Redfin Home Price Index: Price Growth Stabilizes in March, With Prices Up 0.6% From a Month Earlier

Price growth is leveling off as elevated mortgage rates strain buyer budgets, but prices are still at historic highs because there aren’t enough homes for sale.U.S. home prices climbed 0.6% from a month earlier on a[...]
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Nearly 40% of Homeowners Couldn’t Afford Their Home If They Were to Buy It Today

Nearly 40% of Homeowners Couldn’t Afford Their Home If They Were to Buy It Today

Many U.S. homeowners couldn’t afford to buy their home if they were to purchase it today because home prices have doubled over the last decade, and monthly housing costs are at an all-time high due to elevated mortgage rates. Nearly two[...]
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Housing Market Update: Buying a Home Costs More Than Ever, With Prices Hitting All-Time High and Mortgage Rates Rising

Housing Market Update: Buying a Home Costs More Than Ever, With Prices Hitting All-Time High and Mortgage Rates Rising

The median U.S. home price rose 5.2% year over year this week, and mortgage rates hit their highest level since November 2023. Prices continue to rise partly because there are still serious buyers searching for homes. The median U.S.[...]
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Home Prices Stagnate in Florida and Texas as Supply Soars

Home Prices Stagnate in Florida and Texas as Supply Soars

On the west coast of Florida, housing supply is surging, sellers are cutting their asking prices and the time it takes to sell a home is soaring—all at a faster rate than anywhere else in the U.S. The story is similar in parts of[...]
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Rental Market Tracker: Asking Rents Rose for the Third-Straight Month in March, Driven By the Midwest

Rental Market Tracker: Asking Rents Rose for the Third-Straight Month in March, Driven By the Midwest

The median U.S. asking rent rose 0.8% year over year to $1,987 in March, marking the third consecutive increase following three months of decreases. Asking rents were little changed from February (+0.3%).Rising rents in the Midwest and[...]
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