News

The housing market is sending clearer signals that the pandemic-driven housing frenzy is coming to an end. Nearly one in five (19.1%) home sellers dropped their price during the four week period ending May 22—the highest level since[...]

May marked a turning point in the pandemic housing frenzy, as buyers regained some control over the market. This limited sense of control comes at a great cost, as 5% mortgage rates and record-high prices have edged many buyers out of the[...]

Price drops are becoming increasingly common, particularly in relatively affordable places that have seen home values surge as people moved in from expensive coastal areas. In Boise, ID, where home prices are up 62% in the past two years,[...]

The typical homebuyer could save an estimated $15,582 over five years, or roughly $260 per month, by taking out an adjustable-rate mortgage rather than a 30-year-fixed-rate mortgage. That’s the largest savings in dollar terms for[...]

Nationwide, 60.7% of home offers written by Redfin agents encountered competition on a seasonally adjusted basis in April, the lowest level since March 2021. That’s down from a revised rate of 63.4% a month earlier and 67.4% a year[...]