News

Pending sales posted their smallest year-over-year decline in three months as mortgage rates ticked down. Early indicators of homebuyer demand, including tour requests and mortgage applications, are increasing from their low[...]

Home sellers gave concessions to buyers in 41.9% of home sales in the fourth quarter—the highest share of any three-month period in Redfin’s records, which date back to July 2020. That’s up from just over 30% in both the previous[...]

The homes that are selling are going for about the same price as a year earlier, with nationwide prices up just 0.5% year over year–smaller than the 0.7% increase at the onset of the pandemic when the market reached a near standstill.[...]

The median U.S. asking rent rose 4.8% year over year to $1,979 in December—the smallest increase since July 2021—as persistently high rental costs, inflation and economic uncertainty continued to dampen rental demand. Rents grew[...]

An increase in home searches and tours at the end of 2022 is starting to translate into purchases as mortgage rates fall. Mortgage applications are up 25% and the slowdown in pending sales is easing.  The median U.S. home-sale price[...]