News

The median U.S. asking rent in October was $1,978, little changed (-0.3%) from a year earlier, but down 3.7% from the $2,054 record high set in August 2022. It fell 1.6% from a month earlier, which is typical for this time of year. October[...]

Home sellers gave concessions to buyers in 35% of U.S. home sales during the three months ending Oct. 31, little changed from 35.9% one year earlier but up from 27.6% two years earlier.This is according to data submitted by Redfin buyers’[...]

Mortgage-purchase applications are up 3% week over week as homebuyers act on a few pieces of buyer-friendly news: Mortgage rates have dropped from 8% to 7.4% in the last few weeks, there are more homes for sale than there have been all year,[...]

Investor purchases of U.S. homes dropped 29.7% year over year in the third quarter to 48,667—the lowest level of any third quarter since 2016. By comparison, overall home purchases fell 22.2% to 305,219—the lowest third-quarter[...]

U.S. pending home sales rose 1% month over month in October to the highest level in a year on a seasonally adjusted basis. They fell 4.8% from a year earlier, but that’s the smallest annual decline in almost two years.Pending sales have[...]