News

More homes are changing hands as mortgage rates drop and buyers and sellers see more eye to eye on price. Still, deals are falling through at the highest rate on record due to lingering economic uncertainty, and some metros continue to see[...]

Just 15.5% of homes for sale in 2023 were affordable for the typical U.S. household—the lowest share on record. That’s down from 20.7% in 2022 and more than 40% before the pandemic homebuying boom.This is according to a Redfin analysis[...]

Listing consults with Redfin agents have risen significantly since rates began to fall last month. Our economists expect buyers will take advantage of lower rates and more listings in the new year, after the typical holiday[...]

The median monthly mortgage payment has declined more than $150 from its peak to its lowest level since August. Another piece of good news for buyers: New listings are seeing their biggest year-over-year increase since summer 2021.[...]

2023 has been the least affordable year to buy a home in Redfin’s records, but things are looking up for 2024.Someone making the $78,642 median U.S. income in 2023 would’ve had to spend 41.4% of their earnings on monthly housing costs if[...]