News

Real estate investors purchased 48.6% fewer homes in the first quarter of 2023 than they did a year earlier as elevated interest rates along with declining rents and housing values ate into potential profits. That’s the largest annual[...]

The median U.S. home sale price fell 4.1% ($17,603) year over year in April to $408,031. That’s the biggest drop on record in dollar terms and the largest decline since January 2012 in percentage terms. April marked the third consecutive[...]

Prices are falling by double digits in the Bay Area and rising by double digits in South Florida–a gap that’s near a 30-year high. The wild pandemic-era housing market made price growth trends more local than they had been since[...]

Monthly housing payments hit a new record high this week as mortgage rates jumped, pricing out many homebuyers, especially those with limited budgets. But Redfin agents report that many serious buyers are used to high rates and remain in[...]

Sellers are handing out freebies to attract bidders as high mortgage rates dampen homebuying demand. But in some markets, there are so few homes for sale that sellers are bringing in multiple offers and don’t have to offer[...]