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It was the hottest March ever for the housing market, with homes selling at their fastest pace and for more above list price than any other March on record. The median home-sale price rose 6.2% in March, the fastest month-over-month gain at[...]

About half (51%) of U.S. homeowners with mortgages have a mortgage rate under 4%—substantially below today’s level of 5%. About one-third (32%) of all homeowners—including those without mortgages—have a mortgage rate under[...]

Homebuyer demand softened further over the last several weeks as a typical slump in buying and selling over Easter and Passover weekend amplified a recent slowdown triggered by surging mortgage rates and housing costs.Roughly 1 in 8[...]

With sky-high prices and rising mortgage rates, each square foot of space costs more than ever before. Buyers are compromising by turning to smaller homes.Americans are buying smaller homes than they were at the height of the pandemic.[...]

The median monthly asking rent in the U.S. increased 17% year over year to a record high of $1,940 in March, the largest annual jump since at least February 2020 (Redfin’s rental data goes back through February 2019). Meanwhile, the[...]