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Housing Market Update: Monthly Payments Set New Record–and Buyers’ Costs Will Likely Stay High on Inflation News

Daily average mortgage rates reached their highest level in nearly five months following Wednesday’s hotter-than-expected inflation report,  which will likely keep mortgage rates elevated for the foreseeable future. The[...]
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Skipping Meals and Working Overtime: The Sacrifices Americans Make to Afford Housing

Half of U.S. homeowners and renters (49.9%) sometimes, regularly or greatly struggle to afford their housing payments—and many are making big sacrifices to cover their costs. That’s according to a Redfin-commissioned survey[...]
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Housing Market Update: The Cost of Buying a Home Hits New Record As Mortgage Rates Jump, Prices Rise 5%

Housing Market Update: The Cost of Buying a Home Hits New Record As Mortgage Rates Jump, Prices Rise 5%

Daily average mortgage rates jumped to their highest level since last November after last week’s disappointing inflation report. Persistently high home prices are exacerbating affordability challenges for buyers. The average[...]
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Nearly 40% of Renters Think They’ll Never Own a Home, Up From 27% Last Year

Rising home prices and mortgage rates are making it harder to believe in the American dream of homeownership. Lack of affordability is the most commonly cited reason renters don’t believe they’ll ever own a home. Nearly two in five[...]
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Nearly 20% of San Francisco Home Sellers Take a Loss on Their Sale, More Than Four Times the National Share

Nearly one of five (17.8%) homes that sold in San Francisco during the three months ending February 29 sold at a loss. That’s comparable with the 17.9% share hit during the three months ending January 31, which was the highest in 11[...]
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