News

A homebuyer on a $3,000 monthly budget has lost nearly $40,000 in purchasing power over the last year, as mortgage rates have risen from around 6.5% in October 2022 to nearly 8% today. The glimmer of hope for the housing market: a small[...]

New listings climbed 1.4% month over month in September, the largest increase since February 2022 on a seasonally adjusted basis. That’s a glimmer of relief for homebuyers, who for months have been waiting for more homes to hit the[...]

Record-high monthly mortgage payments are motivating sellers to drop asking prices to attract buyers, who are unwilling to pay a dollar more than necessary for their new home. Roughly one in 15 (6.5%) U.S. homes for sale had a price drop[...]

Residential real estate deals are falling through at the highest rate in almost a year as high mortgage rates give homebuyers sticker shock.Nationwide, nearly 60,000 home-purchase agreements were canceled in August, equal to 15.7% of[...]

Nearly two-thirds of recent U.S. homebuyers (59%) think purchasing a house is more stressful than dating. That’s according to a Redfin-commissioned survey conducted by Qualtrics in May and June 2023. The survey was fielded to more[...]