News

The typical homebuyer’s monthly mortgage payment has climbed $337 (15%) over the past six weeks to a new high of $2,547. The extreme volatility and recent surge in mortgage rates has caused many potential homebuyers to delay or cancel[...]

A recent Redfin survey found that most homebuyers and sellers would prefer living in a place where abortion is legal, up significantly from before the Supreme Court overturned Roe v. Wade. The survey also found that more than 60% of[...]

A San Diego homebuyer with a $3,000 monthly budget can afford a 931-square-foot home at today’s 6.7% mortgage rates. That’s down from the 1,366-square-foot home the same buyer could have purchased a year ago, when rates were sitting[...]

U.S. asking rents climbed to a record high in August but rent growth moderated for the third-straight month. The national median asking rent was up 11% year over year to $2,039. That’s the smallest annual increase in a year, down from a[...]

Nationwide, 44.6% of home offers written by Redfin agents faced competition on a seasonally adjusted basis in August, the lowest bidding-war rate since the beginning of the pandemic when the housing market nearly ground to a halt. It’s[...]