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Housing Market Update: Supply Climbs 5%, Biggest Increase in Nearly a Year

The supply of homes for sale is picking up in time for spring homebuying season, and improving inventory is attracting some buyers.The total number of U.S. homes for sale climbed 5%,  the biggest year-over-year uptick since May 2023,[...]
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New Listings Rose to the Highest Level in 17 Months in February

New Listings Rose to the Highest Level in 17 Months in February

Housing supply is finally rebounding as sellers get used to elevated mortgage rates, but it’s not rebounding enough to curb home price growth. High housing costs mean many house hunters remain hesitant to commit.New listings jumped[...]
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The U.S. Housing Market Gained $2 Trillion in Value Over the Last Year

The U.S. Housing Market Gained $2 Trillion in Value Over the Last Year

The total value of U.S. homes jumped 5%, the biggest gain in nearly a year, as a shortage of houses for sale propped up values. Affordable East Coast and Midwest metros saw gains of over 10%, while pricey metros and pandemic boomtowns saw[...]
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Black Millennials Are Half As Likely to Own a Home As White Millennials

Black Millennials Are Half As Likely to Own a Home As White Millennials

The racial homeownership gap is biggest for millennials, but it exists in every generation. Redfin economists expect the gap to shrink for millennials in the near future. Just one-third (33%) of Black millennials own their home,[...]
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Housing Market Update: Supply Ticked Up in February for First Time in 8 Months

There are more homes for sale as spring approaches, and house hunters are hitting the pavement. Home touring activity is rising, and mortgage-purchase applications are up 11% this week. New listings rose 13% from a year earlier[...]
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