The most popular U.S. migration destinations tend to have high rates of inflation. Atlanta, the 10th most popular migration destination in the fourth quarter, saw prices of goods and services increase by 8.9% year over year during the[...]
Historically fast home-price growth has homebuyers and sellers worried the market has become detached from reality. But Redfin’s chief economist says rising mortgage rates and buyers who can afford their homes are preventing a[...]
The share of newly built single-family homes on the market is at a record high as builders try to keep up with surging homebuyer demand fueled by low mortgage rates, low inventory and remote work. More than one-third (34.1%) of U.S.[...]
Fewer homes than ever were for sale in December, driving seasonally-adjusted home sales down 3.6%. That’s the largest month-over-month sales decline since May 2020. Home prices surged 15% from a year earlier in December, the 17th[...]
Almost half (47%) of house hunters say they would feel more urgency to buy a home if mortgage rates rose above 3.5%. A lower share (29%) would look for homes in different areas or consider smaller houses, while 14% would slow their search in[...]