News

Rent increases tapered off in June, with the national median asking rent rising 14% from a year earlier—the smallest annual increase since October. Asking rents were up 0.7% from May, the smallest month-over-month gain since the start[...]

Nationwide, 49.9% of home offers written by Redfin agents faced competition on a seasonally adjusted basis in June. That’s the lowest share since May 2020 and the first time the bidding-war rate has been below 50% since that same month,[...]

The typical home sold during the four weeks ending July 17 spent 19 days on the market, one day longer than last year. This marks the first time in two years that the median time on market has posted a year-over-year gain. Pending home sales[...]

The median sale price for U.S. homes came down 0.7% from its record-breaking June peak during the four weeks ending July 10. Sellers’ asking prices also came down 3% from their May peak as the share of homes with price drops hit another new[...]

Housing markets in northern California are cooling faster than anywhere else in the U.S. amid high mortgage rates and a faltering stock market.Five of the 10 U.S. housing markets that have cooled fastest this year are in northern[...]