News

Nearly one-third (32%) of renters nationwide rent because they can’t afford to buy a home where they want to live, while 30% are unable to save for a down payment. Those were the most commonly cited reasons for renting rather than owning a[...]

Redfin’s deputy chief economist is taking note of early indicators that the housing market is cooling down in some pricey coastal areas–signaling the start of a national trend.“When will it end?” This question has repeatedly[...]

The median home sale price rose 3.5% between January and February, the fastest month-over-month gain ever seen during the winter months. Prices were up 16% year over year to an all-time high of $389,500 in February as the number of homes for[...]

Nationwide, 68.6% of home offers written by Redfin agents faced bidding wars on a seasonally adjusted basis in February—the highest level in Redfin’s records, which date back to April 2020. That’s up slightly from a revised rate of[...]

The average monthly asking rent in the U.S. increased 15% year over year to a record high of $1,901 in February, the largest annual jump since at least February 2020 (Redfin’s rental data goes back through February 2019). Meanwhile, the[...]