News

Global economic volatility rocked the U.S. luxury housing market in the first quarter of 2016, as the average sale price of luxury homes fell 1.1 percent compared to last year. The decline followed a year of weakening luxury home price[...]

The Redfin Housing Demand Index fell 6.9 percent to 116 in March from a year earlier, marking the fourth consecutive month of year-over-year declines in overall homebuyer demand. Early-stage demand remains strong, with the number of[...]

Mortgage rates held near their recent lows this week, with 30-year, fixed-rate loans averaging 3.59 percent. Last week, the average rate was 3.58 percent. A year ago it was 3.65 percent, according to Freddie Mac.Policymakers at the Fed[...]

For homebuyers, there’s a silver lining. Uncertainty has a way of making mortgages cheaper. Last week, rates hit their lowest in a year.“The plummeting U.S. stock market is giving potential homebuyers an unexpected boost in the form[...]

One theme running through this week’s data is the shortage of homes for sale. Builders can’t find workers or empty lots. Homeowners are reluctant to put their houses on the market. As a result, inventory has been retreating for 14[...]