News

Home sales continue to decline and mortgage applications are at their lowest level in 25 years. U.S. housing market activity is continuing to slow down as mortgage rates sit at a 20-year high. Pending home sales and new listings both saw[...]

The median U.S. asking rent rose 9% year over year in September to $2,002, the slowest growth since August 2021 and the first single-digit increase in a year. September was the fourth-consecutive month in which annual rent growth[...]

Housing-market activity is plunging further this fall than it did over the summer as mortgage rates near 7% and the topsy-turvy economy deters would-be buyers and sellers. Price drops have reached a record high, and home sales and new[...]

Space in suburban homes was worth more than space in urban homes in September for the first time since Redfin started tracking this data in 2018. That’s because pandemic-driven remote work continues to attract Americans to the suburbs[...]

Home sales and listings in September both slumped the most on record with the exception of the early months of the pandemic as rapidly rising mortgage rates prompted both buyers and sellers to stay put. The number of homes sold dropped 25%[...]