News

More than nine of every 10 (91.8%) U.S. homeowners with mortgages have an interest rate below 6%. That’s down just slightly from the record high of 92.9% hit in mid-2022.That means well over 92% of homeowners with mortgages have mortgage[...]

One-third (33.4%) of U.S. home purchases were made in cash in April, up from 30.7% a year earlier and comparable with February’s 33.5% share, which was the highest in nine years. The data in this report is from a Redfin analysis of county[...]

New listings have hit their lowest level of any early June on record, limiting home sales and keeping prices afloat. But many buyers are still touring homes, indicating that we’ll see pent-up demand when mortgage rates fall and supply[...]

Inventory has posted its biggest decline in over a year, with homeowners hanging onto their comparatively low mortgage rates. That trend will probably persist, as the Fed’s announcement that it may hike interest rates a few more times[...]

There are just four major U.S. metropolitan areas where it would be cheaper to buy than rent the typical home—that is, the typical home has an estimated monthly mortgage cost lower than its estimated monthly rental cost.In Detroit, the[...]