News

Strong homebuying demand continued through the end of August, with pending sales up 6% from a year earlier, even as new listings of homes for sale fell 7% from 2020 levels. Measures of competition, such as the share of homes sold above list[...]

Nationwide, average monthly rents increased 9% over the past year in August. However, the national median monthly mortgage payment for homebuyers rose 67% faster than rents during the same period. This is despite mortgage interest[...]

Pending sales climbed 7% during the four-week period ending September 12, the smallest year-over-year increase since June 2020. Of homes that sold during the period, just under half went for more than their asking price, the smallest[...]

In August, 58.8% of home offers written by Redfin agents faced competition—a record low for 2021. That’s down from a revised rate of 62.1% in July and a peak of 74.3% in April. It’s also slightly lower than the August 2020 bidding-war[...]

The five most affordable areas for teachers to purchase homes in 2020 were all located in inland California.That’s according to a Redfin analysis of median disposable incomes for teachers in the 157 U.S. metropolitan areas where there[...]