News

Redfin Home Price Index: Prices Rose 0.4% in December—the Smallest Increase in Six Months

U.S. home prices climbed 0.4% month over month in December, the smallest increase since June. December represented the third straight month of slowing price growth. On a year-over-year basis, prices rose 6.6%. 800 ) {[...]
Read More
Pending Home Sales Rose 4% in December—Biggest Jump in Over Two Years

Pending Home Sales Rose 4% in December—Biggest Jump in Over Two Years

Pending home sales rose 4.1% month over month in December on a seasonally adjusted basis—the biggest increase since September 2021—to the highest level in more than a year. They climbed 5.9% from a year earlier, the biggest annual[...]
Read More
Homebuyers on a $3,000 Monthly Budget Have Gained Nearly $40,000 in Purchasing Power Since Mortgage Rates Peaked Last Fall

Homebuyers on a $3,000 Monthly Budget Have Gained Nearly $40,000 in Purchasing Power Since Mortgage Rates Peaked Last Fall

Buyers can afford a more expensive home now that mortgage rates have dropped to 6.7%, down from nearly 8% in October. Redfin economists don’t expect rates to rise or decline significantly in the foreseeable future. A homebuyer on a[...]
Read More
Housing Market Update: Activity Is Picking Up in 2024, But Severe Winter Weather Keeps Some Buyers and Sellers on the Sidelines

Housing Market Update: Activity Is Picking Up in 2024, But Severe Winter Weather Keeps Some Buyers and Sellers on the Sidelines

2024 is shaping up to be more active than 2023 for homebuyers and sellers, with mortgage applications and new listings rising. But Redfin economists believe demand and listings would be rising more if not for harsher-than-usual winter[...]
Read More
Gen Z’s Homeownership Rate Stagnated in 2023, But Millennials and Gen Xers Saw Gains

Gen Z’s Homeownership Rate Stagnated in 2023, But Millennials and Gen Xers Saw Gains

Just over one-quarter (26.3%) of adult Gen Zers owned a home in 2023, little changed from 26.2% in 2022. Meanwhile, the homeownership rate for millennials rose to 54.8% from 52%, and the homeownership rate for Gen X rose to 72% from 70.5%.[...]
Read More

Showing 61 - 65 of 1102 posts