News

More homeowners are holding off on selling as the housing market cools, fueling the largest decline in home listings in more than two years. New listings of homes for sale dropped 12% year over year during the four weeks ending August 7, the[...]

Nationwide, roughly 63,000 home-purchase agreements fell through in July, equal to 16.1% of homes that went under contract that month. That’s the highest percentage on record with the exception of March and April 2020, when the onset[...]

The average out-of-towner moving to Philadelphia in the first half of 2022 had $588,000 to spend on a home, 39% higher than the $422,000 average budget for local buyers. That’s the biggest gap among the cities included in this[...]

A half-point drop in mortgage rates from their June high is drawing some homebuyers back to the market. Redfin’s Homebuyer Demand Index—a measure of requests for home tours and other home-buying services from Redfin agents—has[...]

The share of U.S. homes that were listed for 30 days or longer without going under contract increased 12.5% in July from a year earlier. Put another way, roughly two-thirds (61.2%) of for-sale homes were on the market for at least 30 days, up[...]